xed and total asset ratios) A firm had an average balance of total assets equal to $100,000 last year of which 40%, on average, were current assets. Calcu its fixed asset turnover ratio and total asset turnover ratio if the firm's sales was: 17. (Fi 2 a. $100,000 b. $250,000 c. 500,000 d. $1,000,000 18. (Fixed and total asset ratios) Last year a firm had a2 fixed asset turnover ratio of 6.5 times and a total as- set turnover ratio of 4.2 times. Calculate the average balance of total assets, fixed assets, and current assets if sales was: a. $1,000,000 b. $2,000,000 c. 5,000,000 d. $25,000,000 19. (Financing mix ratios) A firm's year-end balance sheet reported total liabilities of $250,000 of which noninterest-bearing liabilities (accounts payable, wages payable, etc.) made up $75,000. Calculate the firm's debt ratio, funded-debt ratio, and debt/equity ratio if the firm's total assets equal: a. $1,000,000 b. $ 750,000 c. $450,000 d. $300,000