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The balance sheets of Davidson Corporation reported net fixed assets of $326,000 at the end of 2016. The fixed-asset turnover ratio for 2016 was 4.0.

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The balance sheets of Davidson Corporation reported net fixed assets of $326,000 at the end of 2016. The fixed-asset turnover ratio for 2016 was 4.0. and sales for the year totaled $1,520,000. Net fixed assets at the end of 2015 were

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