Question

Use the following information to calculate the fixed asset turnover ratio for Alonsa Ltd. for the years ended December 31, 2017 and 2018. Interpret your results:
Property, plant, and equipment on January 1, 2017 $ 5,250,000 Property, plant, and equipment on December 31, 2017 6,125,000 Property, plant, and equipment on December 31, 2018 5,925,000 Sales in 2017 12,525,000 Sales in 2018 16,750,000



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  • CreatedFebruary 26, 2015
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