Question: Financial statement data for the year ending December 31 for Sharp Company are as follows: Sales $787,500 Fixed assets: Beginning of year 200,000 End of

Financial statement data for the year ending December 31 for Sharp Company are as follows: 
Sales $787,500
 Fixed assets: 
Beginning of year 200,000 
End of year 250,000 

Determine the fixed asset turnover ratio for the year.


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