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he Ferrari Company's fixed-asset turnover ratio was 5.0 and the average fixed assets employed during the year were $2,040,000. Given this information, the net sales

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he Ferrari Company's fixed-asset turnover ratio was 5.0 and the average fixed assets employed during the year were $2,040,000. Given this information, the net sales for the year were: Multiple Choice $408,000. $10,200,000. $12,000,000 All of these answer choices are incorrect

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