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A company has the following information on their income statement and balance sheet: Total Sales $ 3 4 5 , 6 7 8 ; Returns

A company has the following information on their income statement and balance sheet: Total Sales $345,678; Returns and Allowances $15,500; Cost of Goods Sold $175,000; Total Assets $500,000; Current Assets $25,000. What is their Fixed Asset Turnover ratio?
a.
0.728
b.
0.695
c.
0.660
d.
0.368

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