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Raven Industries has net sales of $1,170,000, net income of $ 90 $90,000, average current assets of $49,000, average fixed assets of $185,000, and average
Raven Industries has net sales of $1,170,000, net income of $ 90 $90,000, average current assets of $49,000, average fixed assets of $185,000, and average total assets of $234,000. What isRaven's fixed asset turnoverratio? (Round your final answer to two decimalplaces.)
A.
0.16
B.
6.32
C.
23.88
D.
5
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