Use the following information to answer the following question(s).
ABC,Inc.Income Statement (in thousands)

-In 1995,ABC's fixed asset turnover is:
A)2.78.
B)5.0.
C)4.6.
D)4.8.

Question

Use the following information to answer the following question(s).
  ABC,Inc.Income Statement (in thousands)

-In 1995,ABC's fixed asset turnover is:
A)2.78. 
B)5.0. 
C)4.6. 
D)4.8.

Quizplus · Accepted Answer

Fixed asset turnover is calculated by dividing sales by fixed assets. If the sales and fixed assets figures are provided, the calculation would yield 4.6.

Use the Following Information to Answer the Following Question(s)