Multiple Choice
If net sales revenue rises 5% while the average book value of fixed assets falls 5%,the:
A) fixed asset turnover ratio will rise.
B) fixed asset turnover ratio will fall.
C) fixed asset turnover ratio will stay the same.
D) 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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