Calculate the fixed asset turnover ratio

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Reference no: EM131292270

During 2016, Ambiance Company reported net revenue of $4,088,000. The company reported net fixed assets of $640,000 on January 1, 2016 and net fixed assets of $820,000 on December 31, 2016.

Required:

a. Calculate the fixed asset turnover ratio. (Round your answer to one decimal place.)

Reference no: EM131292270

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