At the beginning of a fiscal year, a company has 2,000,000 in fixed assets. During that year,
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At the beginning of a fiscal year, a company has 2,000,000 in fixed assets. During that year, it makes $10,000,000 in net sales. At the end of the fiscal year it has $1,500,000 in fixed assets. What is its fixed-asset turnover ratio?
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