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The company has net sales revenue of $5.4 million during 2021. The company's records also included the following information: Assets 12/31/20 12/31/21 Property, plant and
The company has net sales revenue of $5.4 million during 2021. The company's records also included the following information: Assets 12/31/20 12/31/21 Property, plant and equipment $ 3.2 million $ 4.3 million Licensing agreements $ 1.4 million $ 1.3 million Goodwill $ 1.2 million $ 1.2 million Investments $ 1.3 million $ 1.4 million What is the company's fixed asset turnover ratio for 2021? Multiple Choice
17.28
1.44
2.14
1.00
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