Multiple Choice
Sierra Nevada Corp.reported Sales Revenue of $500,000,000 and Sales Discounts of $4,000,000 for the year.The beginning balance of Net Plant and Equipment was $23,000,000,and the ending balance was $27,000,000.What is the fixed asset turnover ratio?
A) 18.37
B) 18.52
C) 20.00
D) 19.84
Correct Answer:
Verified
Correct Answer:
Verified
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