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Calculate the fixed asset turnover rate for year two

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Reference no: EM133092333

Question - The following data relates to company X. Net book value of fixed assets Dec 31, year 1, 148000

Net book value of fixed assets, Dec 31, year 2 398000

Total liabilities, Dec 31, year 1, 90000

Total liabilities, Dec 31, year 2, 107000

Sales for year 2 88000

Income for year 2 20000

Required - Calculate the fixed asset turnover rate for year 2.

Reference no: EM133092333

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