The assets section of the company's balance sheets for the years ended December 31, Year 2 and Year 1, is provided below.

-Refer to Fabulous Creations.The company recorded depreciation expense of $344 million for Year 1.Calculate the following ratios for Year 2.
A) If net sales were $ \$ 60,000 $ for Year 2 , what would be the fixed asset turnover ratio?

Question

The assets section of the company's balance sheets for the years ended December 31, Year 2 and Year 1, is provided below.
 
-Refer to Fabulous Creations.The company recorded depreciation expense of $344 million for Year 1.Calculate the following ratios for Year 2.
 A) If net sales were $ \$ 60,000 $ for Year 2 , what would be the fixed asset turnover ratio?

Quizplus · Accepted Answer

The Answer of The assets section of the company's balance sheets for the years ended December 31, Year 2 and Year 1, is provided below.
 
-Refer to Fabulous Creations.The company recorded depreciation expense of $344 million for Year 1.Calculate the following ratios for Year 2.
 A) If net sales were $ \$ 60,000 $ for Year 2 , what would be the fixed asset turnover ratio?

The Assets Section of the Company's Balance Sheets for the Years