The Net Fixed Assets of Auburn Media Ltd

Multiple Choice

The net fixed assets of Auburn Media Ltd. is $850 million. The sales of the firm is $1,420 million. The firm's fixed assets turnover ratio is:

A) 1.35 times.
B) 2.42 times.
C) 1.67 times.
D) 2.8 times.
E) 3.45 times.