Question: M8-2 (Algo) Computing and Evaluating the Fixed Asset Turnover Ratio L08-1 The following information was reported by Young's Air Cargo Service for 2017: Net fixed

M8-2 (Algo) Computing and Evaluating the Fixed Asset Turnover Ratio L08-1

M8-2 (Algo) Computing and Evaluating the Fixed Asset Turnover Ratio L08-1 The following information was reported by Young's Air Cargo Service for 2017: Net fixed assets (beginning of year) Net fixed assets (end of year) Net operating revenues for the year Net income for the year $1,950,000 2,300,000 3,300,000 1,560,000 Compute the company's fixed asset turnover ratio for the year. (Round your answer to 2 decimal places.) Fixed asset turnover ratio

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