Bakiponi Corp What Is the Fixed Asset Turnover Ratio for 2019? (Round

Multiple Choice

Bakiponi Corp. provides the following data from its recent financial statements: $$\begin{array} { | l | r | r | } \hline \text { Dollars in millions) } & { \mathbf { 2 0 1 8 } } & { \mathbf { 2 0 1 9 } } \\\hline \text { Beginning Gross Fixed Assets } & \$ 2,140,000 & \$ 2,260,000 \\\hline \text { Ending Gross Fixed Assets } & 2,260,000 & 2,380,000 \\\hline \text { Beginning Accumulated Depreciation } & 1,210,000 & 1,420,000 \\\hline \text { Current-year Depreciation Expense } & 210,000 & 260,000 \\\hline \text { Current-year Sales Revenue } & 3,150,000 & 4,020,000 \\\hline\end{array}$$
What is the fixed asset turnover ratio for 2019? (Round your answer to two decimal places, X.XX.)

A) 5.74
B) 5.22
C) 4.09
D) 1.69