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Fabulous Creations the Assets Section of the Company's Balance Sheets for the for the Years

Question 161

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Fabulous Creations
The assets section of the company's balance sheets for the years ended December 31, 2020 and 2019, is provided below. Fabulous Creations The assets section of the company's balance sheets for the years ended December 31, 2020 and 2019, is provided below. -Refer to Fabulous Creations. The company recorded depreciation expense of $344 million for 2019. Calculate the following ratios for 2020. A)If Net Sales were $60,000 for 2020, what would be the fixed asset turnover ratio? B)Average age of property, plant, and equipment
-Refer to Fabulous Creations. The company recorded depreciation expense of $344 million for 2019. Calculate the following ratios for 2020.
A)If Net Sales were $60,000 for 2020, what would be the fixed asset turnover ratio?
B)Average age of property, plant, and equipment

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A)Fixed asset turnover = Net S...

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