Question

The company has net sales revenue of $3.6 million during 2016. The companys records also included the following information:


Assets 12/31/13 12/31/14
Property, plant and equipment $2.3 million $2.5 million
Licensing agreements $0.5 million $0.4 million
Goodwill $0.3 million $0.3 million
Investments $0.4 million $0.5 million

What is the companys fixed asset turnover ratio for 2016?

A) 18.00

B) 1.33

C) 1.00

D) 1.50

Answer

This answer is hidden. It contains 185 characters.