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Kane Inc. has net sales revenue of $5.6 million during 2018. Kane Inc.'s records also included the following information: Assets 12/31/17 12/31/18 Property, plant and
Kane Inc. has net sales revenue of $5.6 million during 2018. Kane Inc.'s records also included the following information: Assets 12/31/17 12/31/18 Property, plant and equipment $3.3 million $4.5 million Licensing agreements $1.5 million $1.4 million Goodwill $1.3 million $1.3 million Investments $1.4 million $1.5 million What is the Kane's fixed asset turnover ratio for 2018? Multiple Choice 17.23 2.20 1.44 1.00
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