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Peppertree Co.s financial statements on December 31, 2018, showed the following: Net Sales $ 550,000 Fixed Assets, January 1 $ 146,000 Fixed Assets, December 31

Peppertree Co.s financial statements on December 31, 2018, showed the following: Net Sales $ 550,000 Fixed Assets, January 1 $ 146,000 Fixed Assets, December 31 $ 134,000 Total Assets, January 1 $ 194,000 Total Assets, December 31 $ 200,000 What is the fixed asset turnover for 2018 (rounded to two decimal places)? Multiple Choice 3.93 2.60 4.10 2.79

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