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Ratios: Fixed Asset Turnover

14. Financial Statement Analysis / Ratios: Fixed Asset Turnover / Problem 2

Problem 2

Company A has net sales of \$800,000 and fixed assets at the beginning of the year of \$300,000 and at the end of the year of \$500,000. Calculate the fixed asset turnover ratio.

A

2.0

B

2.5

C

1.6

D

3.0