Question: Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 fixed asset turnover ratio. Enter your answer as a number with 4

 Given the balance sheet and income statement shown below, calculate Rebel

Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 fixed asset turnover ratio. Enter your answer as a number with 4 decimal places of precision (.e. 0.1234 or 1.234) - ensure you include a leading number before the decimal point. 2017 2016 Assets Balance Sheets of December 31 2017 2016 Liabilities and Shareholder Equity Current Liabilities $ 2,783 5 2,612 Accruals 3.780 3.100 Accounts payable 10,970 9,840 Notes payable $ 17,533 5 15,560 Total Current Liabilities Current Asset Cash and Equivalents Accounts receivable Inventory Total Current Assets $ 179 $ 80 2190 1,975 1.438 1,386 3,807 $3,441 2017 Income Statement Sales Revenue Operating costs Excluding DEA EBITDA Depreciation and Amortization Earnings before interest and taxes (EBIT) Interest Earnings before taxes (EBT) Taxes (388) Net Income $75,680 59.920 15.760 3.237 $12.523 2,964 9,559 3.632 $ 5,927 5 Long-term Debt Total abilities 13,840 17,647 12.510 15,951 Long-term Assets Net Fred Assets 41.123 29.650 Shareholder Equity Common stock Retained earnings Total Shareholder Equity $ 25,000 $ 25.000 16,209 4,259 $41,209 S 29,259 Total Assets $ 58,856 5 45,210 Total Liabilities and Shareholder Equity 558,856 $ 45,210

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