A declining fixed asset turnover ratio suggests that a: Multiple Choice O company is not as efficient in using its fixed assets as it was in previous periods. O company's net sales must be increasing. company's net company must have purchased some intangible assets. , company's beginning fixed asset balance must be creater than its ending fixed asset balan A company pays $9,000 in interest on notes consisting of $6,000 of interest that was accrued during the last accounting period and $3,000 of interest that accumulated during the current accounting period but has not yet been accrued on the books. The journal entry for the interest payment should include a Multiple Choice debit to Interest Expense for $9,000 and a credit to Cash for $9,000. debit to Cash for $9.000 and a credit to Interest Payable for $9,000. debit to Interest Expense for $3,000, a det Payable for $6,000, and a credit to Cash for $9,000. debit to Interest Payable for $6,000, a debit to ed Interest for $3,000, and a credit to Cash for $9,000