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During 2021, Ambiance Company reported net revenue of $3,240,000. The company reported net fixed assets of $720,000 on January 1, 2021 and net fixed

During 2021, Ambiance Company reported net revenue of $3,240,000. The company reported net fixed assets of $720,000 on January 1, 2021 and net fixed assets of $900,000 on December 31, 2021. Required: a. Calculate the fixed asset turnover ratio. (Round your answer to one decimal place.) Fixed Asset Turnover Ratio

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