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During 2016, Ambiance Company reported net revenue of $4,150,000. The company reported net fixed assets of $740,000 on January 1, 2016 and net fixed assets
| During 2016, Ambiance Company reported net revenue of $4,150,000. The company reported net fixed assets of $740,000 on January 1, 2016 and net fixed assets of $920,000 on December 31, 2016. |
| Required: | |
| a. | Calculate the fixed asset turnover ratio. (Round your answer to one decimal place.) |
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Auditing Human Resources
Authors: Kelli W. Vito
2nd Edition
0894136941, 978-0894136948
