Fixed Asset Turnover Ratio Long-lived Assets DANCE KETPAD CLEAR Otoddmedia/Getty Images Knowledge Check 01 The records of Gemology Inc., Included the following information: Net fixed assets, January 1 Net fixed assets, December 31 Net sales Gross margin Net income $125,000 75,000 850,000 300,000 100,000 What is the fixed asset turnover ratio? (Round your answer to 1 decimal place.) Fixed asset turnover ratio