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The following information is available from the records of the Star Company! Beginning balance of fixed assets Net sales revenue Ending balance of fixed assets

The following information is available from the records of the Star Company! Beginning balance of fixed assets Net sales revenue Ending balance of fixed assets Net income What is the fixed asset turnover ratio? A) 0.10 times B) 3 times C) 3.27 times D) 10 times $ 100,000 360,000 120,000 36,000 Explain your answer in detail. Show all the steps of your chosen answer, including the formula used

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