Question: Current Attempt in Progress Crane Inc. is a construction company that has the following net sales and property, plant, and equipment for the years ended

Current Attempt in Progress Crane Inc. is a construction company that has the following net sales and property, plant, and equipment for the years ended December 31, 2021, 2022, and 2023. Year Net Sales PP&E 2021 $50,840,000 $4,870,000 2022 52,553,800 5,790,000 2023 48,279,700 5,900,000 (a) Using Excel, calculate the fixed asset turnover ratio for Crane on December 31, 2022, and December 31, 2023. (Round answers to 2 decimal places, e.g. 15.25.) December 31, 2022 December 31, 2023 Fixed asset turnover ratio eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

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