Multiple Choice
The Wilson Company has provided the following information: • Net sales,$200,000
• Net operating income,$40,000
• Net income,$20,000
• Average total assets,$125,000
• Average net fixed assets;$80,000
What is Wilson's fixed asset turnover ratio?
A) 1.60
B) 2.50
C) 0.25
D) 0.50
Correct Answer:
Verified
Correct Answer:
Verified
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