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Assume that a business has net sales revenue of $800,000; beginning net fixed assets of $200,000; ending net fixed assets of $250,000; and profit of

image text in transcribed Assume that a business has net sales revenue of $800,000; beginning net fixed assets of $200,000; ending net fixed assets of $250,000; and profit of $120,000. What is the fixed asset turnover ratio? Multiple Choice 0.28 times 0.53 times 3.56 times 4.00 times

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