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If net sales revenue rises 5% while the average book value of fixed assets falls 5%: (Hint: the fixed asset turnover ratio = net sales
If net sales revenue rises 5% while the average book value of fixed assets falls 5%: (Hint: the fixed asset turnover ratio = net sales revenue average net fixed assets) the fixed asset turnover ratio will rise.
the fixed asset turnover ratio will fall.
the fixed asset turnover ratio will stay the same.
the impact on the fixed asset turnover ratio cannot be determined since the beginning values are unknown.
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