The following information is available for a company for the current year: Use the...
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Accounting
The following information is available for a company for the current year: Use the information above to answer the following question. Which of the following is closest to the fixed asset turnover ratio?
3.80
2.65
1.72
4.25
345,000 205,000 32,500 9,450 81,250 130,000 Net Sales revenue Cost of goods sold Average accounts receivable Average inventory Average plant, property and equipment Average total assets
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Use the information above to answer the following question. Which of the following is closest to the fixed asset turnover ratio?