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The company has net sales revenue of $5.6 million during 2014. The company's records also included the following information: Assets 12/31/13 12/31/14 Property, plant and
The company has net sales revenue of $5.6 million during 2014. The company's records also included the following information:
Assets | 12/31/13 | 12/31/14 |
Property, plant and equipment | $3.3 million | $4.5 million |
Licensing agreements | $1.5 million | $1.4 million |
Goodwill | $1.3 million | $1.3 million |
Investments | $1.4 million | $1.5 million |
What is the company's fixed asset turnover ratio for 2014? |
17.23 | |
1.44 | |
1 | |
2.20 |
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