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Compute the company fixed asset turnover ratio for the year

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Reference no: EM132904657

Question - The following information was reported by Young's Air Cargo Service for 2014:

Net fixed assets (beginning of year) $1,950,000

Net fixed assets (end of year) 2,390,000

Net operating revenues for the year 3,230,000

Net income for the year 1,640,000

Required - Compute the company's fixed asset turnover ratio for the year.

Reference no: EM132904657

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