Multiple Choice
A fixed asset turnover ratio of 4.3 indicates that for every:
A) $1 in sales revenue,the firm acquired $4.30 of assets.
B) $1 in fixed assets,the firm earned $4.30 of net income.
C) $1 in assets,the firm paid $4.30 of expenses.
D) $1 in fixed assets,the firm generated $4.30 of net sales.
Correct Answer:
Verified
Correct Answer:
Verified
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