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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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