Multiple Choice
Newport Company has sales of $2,025,000 for the current year. The book value of its fixed assets at the beginning of the year was $550,000 and at the end of the year was $800,000. The fixed asset turnover ratio for Newport is
A) 3.0
B) 3.6
C) 3.7
D) 2.5
Correct Answer:
Verified
Correct Answer:
Verified
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