Question
This year Acme, Inc. had Net Fixed Assets of $110,000, which was an increase of $20,000 over last year. This year's Net Revenue was $30,000.
This year Acme, Inc. had Net Fixed Assets of $110,000, which was an increase of $20,000 over last year. This year's Net Revenue was $30,000. The fixed asset turnover for this year is ______.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
