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Grant, Inc. had Net Fixed Assets of $1,300,000 as of the end of last year. During the current year, it generated Net Sales of $850,000
Grant, Inc. had Net Fixed Assets of $1,300,000 as of the end of last year. During the current year, it generated Net Sales of $850,000 and ended with Net Income of S320,000 and Net Fixed Assets of $1,100,000. What was Grant's approximate fixed asset turnover ratio for the current year? 0.29 0.71 O 0.77 0.26
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