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Lory Industries has a net sales revenue of $36 million during the year. At the beginning of the year, fixed assets are $8 million.
Lory Industries has a net sales revenue of $36 million during the year. At the beginning of the year, fixed assets are $8 million. At the end of the year, fixed assets are $10 million. What is the fixed asset turnover ratio for Lory? A) 4.5 B) 4.0 C) 2.0 D) 3.6
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