Question: 1 . The fixed asset turnover ratio is computed as _ _ _ _ _ _ _ _ _ _ divided by _ _ _
The fixed asset turnover ratio is computed as divided by
a sales; average book value of fixed assets
b net income; average book value of fixed assets
c sales; book value of fixed assets
d average book value of fixed assets; sales
abcd
Financial statement data for the year ending December for Navajo Company follow:
Line Item DescriptionAmountSales$Net incomeFixed assets net:Beginning of yearEnd of year
The fixed asset turnover ratio for Navajo Company on December would be
a
b
c
d
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