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Exam Review 2 (lab a KQuestion 16 (of 16) TO. 6.25 points company reported net fixed During 2016, Ambiance Company reported net revenue of $7,120,000.

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Exam Review 2 (lab a KQuestion 16 (of 16) TO. 6.25 points company reported net fixed During 2016, Ambiance Company reported net revenue of $7,120,000. The assets of $800,000 on January 1, 2016 and net fixed assets of $980,000 on December 31,2016. a. Calculate the fixed asset turnover ratio. (Round your answer to one decimal place.) References Problem Difficulty: 3 Hard

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