The comparative financial statements of B.Darin include the following data:

-Use the information above to answer the following question.The fixed asset turnover ratio for the current year is closest to:
A) 1.28.
B) 1.24.
C) 0.75.
D) 1.64.

Question

The comparative financial statements of B.Darin include the following data:
 
-Use the information above to answer the following question.The fixed asset turnover ratio for the current year is closest to:
A) 1.28. 
B) 1.24. 
C) 0.75. 
D) 1.64.

Quizplus · Accepted Answer

The fixed asset turnover ratio is calculated by dividing net sales by average fixed assets. The correct choice is based on the given data and calculations that result in a ratio closest to 1.28.

The Comparative Financial Statements of B