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Renoir, Inc. has net sales of $1,010,000, net income of $71,000, average current assets of $45,000, average fixed assets of $166,000, and average total assets
Renoir, Inc. has net sales of $1,010,000, net income of $71,000, average current assets of $45,000, average fixed assets of $166,000, and average total assets of $208,000. Renoir, Inc.'s fixed asset turnover ratio is: (Round your final answer to two decimal places.)
Renoir, Inc. has net sales of $1,010,000, net income of $71,000, average current assets of $45,000, average fixed assets of $166,000, and average total assets of $208,000. Renoir, Inc.'s fixed asset turnover ratio is Round your final answer to two decimal places O A. 6.08. O B. 4.86. O C. 22.44 O D. 0.16Step by Step Solution
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