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A fixed asset turnover ratio of 0.72 means that: A. For every $1 in net fixed assets, a firm can generate $0.72 in net income.

A fixed asset turnover ratio of 0.72 means that:

A.

For every $1 in net fixed assets, a firm can generate $0.72 in net income.

B.

For every $1 in net fixed assets, a firm can generate $0.72 in sales.

C.

For every $1 in total assets, a firm can generate $0.72 in net income.

D.

For every $1 in net fixed assets, a firm can borrow $0.72.

E.

For every $1 in total assets, a firm can generate $0.72 in sales.

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