calculate fixed asset turnover

Your answer is partially correct. Try again. XYZ provided the following financial information: Assets: Cash and marketable securities Accounts receivable Inventory Total current assets Net plant and equipment Goodwill and other assets XYZ Balance Sheet As of 12/31/19 Liabilities and Equity: $25,915 Accounts payable and accruals $154,257 $143,262 Short-term notes payable $23,517 $212,253 Total current liabilities $177,774 $381,430 Long term debt $155,510 $603,269 Total liabilities $333,284 $42,422 Common stock $313,006 Retained earnings $380,831 $1,027,121 Total liabilities and equity $1,027,121 Total assets In addition, it was reported that the firm had a net income of: and net sales of: $156,318 $4,321,562 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio 2.15 times Quick Ratio 0.95 times Average Collection Period 12.10 days Total Asset Turnover 4.21 times Fixed Asset Turnover 6.69 times LINK TO TEXT LINK TO TEXT