2017 FIXED ASSET TURNOVER RATIO

Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 fixed asset turnover ratio, Enter your answer as a number with 4 decimal places of precision (.e. 0.1234 or 1.234)- ensure you include a leading number before the decimal point Balance Sheet as of December 31 2017 income Statement 2017 2016 2017 2016 Sales Revenue $ 75,680 Assets Liabilities and Shareholder Equity Operating costs Excluding DA 59.920 Current Asset Current Liabilities EBITDA 15,760 Cash and Equivalents $ 2,783 $ 2,612 Accruals $ 179 $ 80 Depreciation and Amortization 3,237 Accounts receivable 3,780 3.108 Accounts payable 2.190 1.975 Earnings before interest and taxes (EBIT) $12,523 Inventory 10.970 9.540 Notes payable 1.438 1.386 Interest 2.964 Total Current Assets $ 17,533 $15.560 Total Current Liabilities $ 3,807 $ 3,441 Earings before taxes (EBT) 9,559 Taxes (38) 3,632 Long-term Debt 13,840 12,510 Net Income $ 5,927 Total abilities 17,647 15,953 Long term Assets Net Fred Assets 41323 29,650 Shareholder Equity Common stock Retained earnings Total Shareholder Equity $ 25,000 $ 25,000 16,209 4.259 $ 41,209 5.29,299 Total Assets 558.856 $ 65,210 Total Liabilities and Shareholder Equity S58.856 $ 45,210