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The following information was reported by Youngs Air Cargo Service for 2011: The following information was reported by Young's Air Cargo Service for 2011: 1,920,000
The following information was reported by Youngs Air Cargo Service for 2011:
The following information was reported by Young's Air Cargo Service for 2011: 1,920,000 Net fixed assets (beginning of year) Net fixed assets (end of year) 2,360,000 Net sales for the year 3,200,000 Net income for the year 1,630,000 Compute the company's fixed asset turnover ratio for the year. (Round your answer to 2 decimal places.) Fixed asset turnover ratioStep by Step Solution
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