Multiple Choice
If net sales revenue and the average book value of fixed assets both rise 5%:
A) the fixed asset turnover ratio will rise.
B) the fixed asset turnover ratio will fall.
C) the fixed asset turnover ratio will stay the same.
D) the impact on the fixed asset turnover ratio cannot be determined since the beginning values are unknown.
Correct Answer:
Verified
Correct Answer:
Verified
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