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What can you say about ayps fixed asset turnover ratio when

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Reference no: EM13602237

The following information was reported by Amuse Yourself Parks (AYP) for 2008:

  • Net fixed assets (beginning of year) $ 8,550,000
  • Net fixed assets (end of year) 8,360,000
  • Net sales for the year 4,935,000
  • Net income for the year 1,835,000

(a) Compute the company's fixed asset turnover ratio for the year. (Round your answer to 2 decimal places.)
Fixed asset turnover ratio :

(b) What can you say about AYP's fixed asset turnover ratio when compared to Cedar Fair's 2008 ratio in Exhibit 9.5? (Round your answer to 2 decimal places.)

Reference no: EM13602237

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