Nasim Inc. is a construction company that has the following net sales and property, plant, and equipment

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Nasim Inc. is a construction company that has the following net sales and property, plant, and equipment for the years ended December 31, 2021, 2022, and 2023.

Year Net Sales PP&E

2021 $51,235,125 $5,025,135

2022 52,235,125 6,044,892

2023 48,235,125 6,523,489

Instructions

Using Excel, calculate the fixed asset turnover ratio for Nasim on December 31, 2022, and December 31, 2023.

Use a column chart to graph the 2022 and 2023 fixed asset turnover ratio, and determine if it is increasing or decreasing based on your chart.

Related Book For answer-question

College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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Posted Date: Nov 12, 2022 12:27 AM

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Nasim Inc. is a construction company that has the following net sales and property, plant, and equipment

Question:

Expert Answer:

Step 13 Answer Fixed asset turnover ratio is used to analyse the turnover generated on the total fix... View the full answer

College Accounting Chapters 1-30

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