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Determine the fixed asset turnover ratio for the year

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Reference no: EM133052283

Question - The following financial statement data for the year ending December 31 are for Sharp Company:

Sales $780,000

Fixed assets:

Beginning of year 210,000

End of year 270,000

Required - Determine the fixed asset turnover ratio for the year.

a. 2.9

b. 2.7

c. 3.7

d. 3.3

Reference no: EM133052283

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