Question
A company reports the following information: billions 20X8 20X9 Revenue 8.5 9.3 Net income 3.1 3.3 Gross fixed assets 19.5 22.0 Accumulated depreciation (3.0) (3.0)
A company reports the following information: billions 20X8 20X9 Revenue 8.5 9.3 Net income 3.1 3.3 Gross fixed assets 19.5 22.0 Accumulated depreciation (3.0) (3.0) Net fixed assets 16.5 18.5 Based on this data, fixed asset turnover in 20X9 is closest to: [enter a value rounded to hundredths, e.g. 0.XX]
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
4th Edition
0324048610, 9780324048612
