Financial statement data for year ending December 31 for Navajo Company follows: 

Sales, $2,550,000 

Net income, $1,258,000 

Fixed assets, book value beginning of the year, $800,000 

Fixed assets, book value end of the year, $985,000 

The fixed asset turnover for Navajo Company on December 31 would be 

2.86 rounded. 

1.44 rounded. 

2.59 rounded. 

None of these choices are correct.

Answer rating: 100% (QA)

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