Question: 7. Bakiponi Corp. provides the following data from its recent financial statements: (Dollars in millions) Beginning Gross Fixed Assets Ending Gross Fixed Assets Beginning Accumulated

7. Bakiponi Corp. provides the following data from its recent financial statements: (Dollars in millions) Beginning Gross Fixed Assets Ending Gross Fixed Assets Beginning Accumulated Depreciation 1,010,000 1,210,000 Current- year Depreciation Expense Current year Sales Revenue What is the fixed asset turnover ratio for 2017? (Round your answer to two decimal places, 2016 2017 $2,640,000 $2,760,000 2,760,000 2,880,000 200,000250,000 3,850,000 4,720,000 O A. 3.32 B. 1.64 . 3.18 OD. 2.59 YOU ANSWERED: B

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