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The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year Income Statement Net Sales Revenue Cost of Goods Sold Operating

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The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year Income Statement Net Sales Revenue Cost of Goods Sold Operating Expenses Interest Expense Income Tax Expense Net Income Balance Sheet Current Assets Plant, Property and Equipment, Net Current Liabilities Long-Term Liabilities Stockholders Equity Total Liabilities&Stockholders' Equity 136,000 $106,000 50,000 32, 600 4,100 4,600 14,700 58,000 39,600 4,100 5, 600 28,700 121,000 104,000 48,000 46,000 131,000 225,000 101,000 111,000 41,000 46,000 125,000 212,000 The fixed asset turnover ratio for the current year is closest to: The fixed asset turnover ratio for the current year is closest to Multiple Choice 1.27 1.63 1.23. 0.76

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