A company has net sales of $1,200,000 and average net fixed assets of $500,000. Determine the fixed asset turnover ratio. Discuss what this ratio indicates about the company’s efficiency in utilizing its fixed assets to generate sales. Analyze the potential factors that could influence changes in the fixed asset turnover ratio, such as capital expenditures, asset disposals, and changes in production capacity. Consider the impact of technological advancements and industry trends on the company’s fixed asset utilization. How can the company strategically manage its fixed assets to optimize their use and improve operational efficiency? Discuss the importance of regular asset reviews and maintenance in ensuring the long-term productivity and profitability of the company’s fixed assets.