1 The following information is available from the records of the Star Company: Beginning balance of fixed assets Net sales revenue Ending balance of fixed assets $ 100,000 360,000 120,000 Net income What is the fixed asset turnover ratio? A) 0.10 times B) 3 times C) 3.27 times D) 10 times 36,000 Explain your answer in detail. Show all the steps of your chosen answer, including the formula