Question: Financial statement data for the year ending December 31 for River Company are as follows: Line Item Description Amount Sales $2,625,000 Fixed assets: Beginning of

Financial statement data for the year ending December 31 for River Company are as follows: Line Item Description Amount Sales $2,625,000 Fixed assets: Beginning of year 860,000 End of year 890,000 Determine the fixed asset turnover ratio for the year.

a.3.1

b.3.0

c.1.5

d.2.9

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