Question: Evaluate the operating efficiency of Company GG using the fixed asset turnover ratio, given its sales revenue of $1,200,000 and beginning and ending fixed assets

Evaluate the operating efficiency of Company GG using the fixed asset turnover ratio, given its sales revenue of $1,200,000 and beginning and ending fixed assets of $400,000 and $600,000 respectively. Compute the company's fixed asset turnover ratio and interpret its implications for asset utilization and operational efficiency.

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