Refer to the data for Pettijohn Inc. What is the firm's Fixed assets turnover? Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. However, the firm has lease payment of $100 million in 2016. Balance Sheet (Millions of S) Assets Cash and securities Accounts receivable Inventories Total current assets Gross fixed assets Subtract: Accum. Depreciation Net fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of S) Net sales Operating costs except deprn Depreciation Earnings before int and taxes (EBIT) Subtract interest expense Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2016 $ 1,554.0 9,660.0 13.440.0 $24,654.0 $44,144.0 $25,798.0 18.346.0 $43.000.0 $ 7,980.0 6,880.0 3.620.0 $18,480.0 11,920.0 $30,400.0 3,360.0 9,240.0 $12,600.0 $43.000.0 2016 $68,800.0 $59,978.0 $4.029.0 $ 4,793.0 1,050.0 $ 3,743.0 $1.310.1 $2,433.0 200.00 $1,509.83 6.25% 35% $85.69

Refer to the data for Pettijohn Inc. What is the firm's Fixed assets turnover? Rettijobn Inc. The balance sheet and income statement shown below are for Rettiohn Inc. Note that the firm has no amortization charges, none of its debt must be retired during the next 5 years, and the notes pavable will be rolled over. Howar ar tha firm hau lasoa naummineernn . nurs, and the fote Refer to the data for Pettijohn Inc. What is the firm's Fixed assets turnover? Rettijobn Inc. The balance sheet and income statement shown below are for Rettiohn Inc. Note that the firm has no amortization charges, none of its debt must be retired during the next 5 years, and the notes pavable will be rolled over. Howar ar tha firm hau lasoa naummineernn . nurs, and the fote