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The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year) $ 9,430,000 Net fixed assets (end of year) 9,230,000

The following information was reported by Amuse Yourself Parks (AYP):

Net fixed assets (beginning of year) $ 9,430,000
Net fixed assets (end of year) 9,230,000
Net sales for the year 4,478,400
Net income for the year 1,730,000

Compute the companys fixed asset turnover ratio for the year.

Calculate its book value at the end of year 3. (Do not round intermediate calculations.)

Fixed Asset Turnover Ratio
Numerator = =
Denominator

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