. Based on information in the attachment Financial Statement Info. for Qs 1 to 5, what was Springfield Corporations Fixed Asset Turnover Ratio for the year reported?

• A. 1.615
• B. 2.947
• C. 1.223
• D. 0.615
• E. 2.024

In answering questions 1 through 5, please refer to the following financial information for Springfield Corporation (thousands of dollars) for the year 2020: Balance Sheet as of December 31, 2020 Cash Marketable Securities Accounts Receivable Inventory Net Fixed Assets Total Assets $ 520 $ 640 $ 760 $ 880 $4,550 $7,350 Accounts Payable Short-term Notes Payable Long-term Debt Paid-In Capital Retained Earnings Total Liabilities & Stockholders' Equity $ 750 $ 960 $1,920 $2,240 $1,480 $7,350 Selected figures from Income Statement for Year Ended December 31, 2020: Sales Earings Before Interest and Taxes Interest Net Income Dividends Paid $9,210 $4,200 $ 320 $2,800 $1,900