A company has the following information on their income statement and balance sheet: Total Sales $345,678; Returns and Allowances $15,500; Cost of Goods Sold $175,000; Total Assets $500,000; Current Assets $25,000. What is their Fixed Asset Turnover ratio?
A) 0.691
B) 0.695
C) 0.728
D) 0.660
E) 0.368

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The Answer of A company has the following information on their income statement and balance sheet: Total Sales $345,678; Returns and Allowances $15,500; Cost of Goods Sold $175,000; Total Assets $500,000; Current Assets $25,000. What is their Fixed Asset Turnover ratio?
A) 0.691
B) 0.695
C) 0.728
D) 0.660
E) 0.368

A Company Has the Following Information on Their Income Statement