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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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