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Net fixed assets (beginning of year) $ 8,530,000 Net fixed assets (end of year) 8,330,000 Net sales for the year 4,552,200 Net income for the
| Net fixed assets (beginning of year) | $ | 8,530,000 | |
| Net fixed assets (end of year) | 8,330,000 | ||
| Net sales for the year | 4,552,200 | ||
| Net income for the year | 1,830,000 | ||
Compute the companys fixed asset turnover ratio for the year.
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
7th Edition
1634604105, 9781634604109
