Fixed-Asset Turnover Ratio The following two companies reported year-end information about their property, plant and equipment and net sales. Property, plant and equipment (net) Corporation 1 2020 $3,390 2021 Corporation 2 2020 2021 $3,720 $8,480 $7,740 Net sales in 2020 27,660 68,470 Same formula Formatted Formatted/Rounded Use a formula to determine Corporation 1's fixed asset ratio in 2021. Format both to two decimal places and round only K12 to two decimal places Formatted Same formula Formatted/Rounded Use a formula to determine Corporation 2's fixed asset ratio in 2021. Format both to four decimal places and round only K16 to two decimal places Based on the answers in column K, which company utilizes its fixed assets more efficiently to generate sales? Use cell refences for company names. Build the formula considering all possible outcomes. 100,000 4.22 Use a formula to multiply cell B23 by cell 112. Use a formula to multiply cell B23 by cell K12. The difference in the amouts in cells G24 and G26 shows that there is a difference between formatting and rounding. Rounding actually changes the value of a decimal amount. Formatting does not change the value; it only changes how it appears.