Question

On its year-end financial statements, Caper Corporation showed sales of $3,000,000, net fixed assets of $1,300,000,...

  1. On its year-end financial statements, Caper Corporation showed sales of $3,000,000, net fixed assets of $1,300,000, and total assets of $2,000,000. What is the company’s fixed asset turnover?

Homework Answers

Answer #1

Ans 2.31

fixed asset turnover = Net Sales / Net Fixed assets

                                  = 3000000 / 1300000

                                   = 2.31

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