Given the following information, determine Salem Company's net fixed assets. Sales = $10,000,000
Total asset turnover = 4 times
Current ratio = 2.40
Current liabilities = $500,000
Total assets = current assets + fixed assets
A)$1,200,000
B)$4,800,000
C)$1,300,000
D)Cannot be determined

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The Answer of Given the following information, determine Salem Company's net fixed assets. Sales = $10,000,000
Total asset turnover = 4 times
Current ratio = 2.40
Current liabilities = $500,000
Total assets = current assets + fixed assets
A)$1,200,000
B)$4,800,000
C)$1,300,000
D)Cannot be determined

Given the Following Information, Determine Salem Company's Net Fixed Assets