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The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year) Net fixed assets (end of year) Net sales for
The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year) Net fixed assets (end of year) Net sales for the year Net income for the year $ 8,500,000 8,300,000 4,200,000 1,890,000 Compute the company's fixed asset turnover ratio for the year. Fixed Asset Turnover Ratio Numerator Denominator
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