Question: Use the following information to calculate the fixed asset turnover

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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