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Hi please answer the question at the end. Thanks. Christy Company operates in the entertainment industry. In June 2013, Christy purchased Matts Movies which produces

Hi please answer the question at the end. Thanks.

Christy Company operates in the entertainment industry. In June 2013, Christy purchased Matts Movies which produces and distributes various video products. The purchase resulted in $2.7 million in goodwill. Since then, Christy has undertaken a number of business acquisitions and diversifications as the company expands. Selected date from a recent annual report are as follows: ((dollars in thousands)

Property, Plant & Equipment and Intangibles Balance Sheet

Current Year

Prior Year

Film cost (net of amortization)

$1,272

$ 991

Artists Contracts and other Entertainment Assets

761

645

Property, Plant & Equipment (net)

2,733

2,559

Excess of Cost over Fair Value of Assets Acquired

3,076

3,355

Accumulated Depreciation on Property, Plant & Equipment

1,178

1,023

Income Statement

Total Revenue

9,714

10,644

Statement of Cash Flows

Income from Operations

880

445

Adjustments

Depreciation

289

265

Amortization

208

190

Other Adjustments

-1,618

-256

Net Cash provided by Operations

-241

644

Compute the fixed asset turnover ratio for the current year. Explain your results.

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