Multiple Choice
Selected information from the 2011 and 2010 financial statements of Bowen Corporation is presented below.
Bowen had cash sales of $750 and credit sales of $615 during 2011. Cost of goods sold for 2011 was $819. Bowen's fixed asset turnover for 2011 is
A) 2.97.
B) 4.86.
C) 2.53.
D) 5.53.
Correct Answer:

Verified
Correct Answer:
Verified
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