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The balance sheets of Davidson Corporation reported net fixed assets of $352,000 at the end of 2018. The fixed-asset turnover ratio for 2018 was 4.0,

The balance sheets of Davidson Corporation reported net fixed assets of $352,000 at the end of 2018. The fixed-asset turnover ratio for 2018 was 4.0, and sales for the year totaled $1,496,000. Net fixed assets at the end of 2017 were:

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