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A Firm Has Current Assets of $100,000 and Total Assets

Question 53

Multiple Choice

A firm has current assets of $100,000 and total assets of $300,000. The firm's sales are $900,000. The firm's fixed asset turnover is

A) 4.5x.
B) 12.0x.
C) 2.4x.
D) 5.0x.

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