Question

The following information was reported by Amuse Yourself Parks (AYP):
Net fixed assets (beginning of year)…………….. $ 8,450,000
Net fixed assets (end of year)…………………….. 8,250,000
Net sales for the year……………………………… 4,175,000
Net income for the year…………………………… 1,700,000
Compute the company’s fixed asset turnover ratio for the year. What can you say about AYP’s fixed asset turnover ratio when compared to Cedar Fair’s ratio in Exhibit 9.5?


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  • CreatedNovember 02, 2015
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