Question: The following information was reported by Young s Air Cargo Service

The following information was reported by Young’s Air Cargo Service for 2011:
Net fixed assets (beginning of year) ..... $1,500,000
Net fixed assets (end of year) ........ 2,300,000
Net sales for the year .......... 3,600,000
Net income for the year .......... 1,600,000
Compute the company’s fixed asset turnover ratio for the year. What can you say about Young’s ratio when compared to Southwest’s 2011 ratio?



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  • CreatedJuly 01, 2014
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