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The company has net sales revenue of $7.0 million during 2016. The company's records also included the following information: Assets 12/31/15 12/31/16 Property, plant and
The company has net sales revenue of $7.0 million during 2016. The company's records also included the following information:
Assets | 12/31/15 | 12/31/16 |
Property, plant and equipment | $4.0 million | $5.9 million |
Licensing agreements | $2.2 million | $2.1 million |
Goodwill | $2.0 million | $2.0 million |
Investments | $2.1 million | $2.2 million |
What is the company's fixed asset turnover ratio for 2016? |
A.1.00
B.2.51
C.16.97
D.1.41
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