The Wilson Company Has Provided the Following Information: • Net

question 20

Multiple Choice

The Wilson Company has provided the following information: • Net sales,$200,000
• Net operating income,$40,000
• Net income,$20,000
• Average total assets,$125,000
• Average net fixed assets;$80,000
What is Wilson's fixed asset turnover ratio?

• A)1.60
• B)2.50
• C)0.25
• D)0.50

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Definitions:

Organizational Pattern

The structured arrangement and presentation of ideas or information in a coherent and logical way.

Functional

Designed to be practical and useful, rather than purely decorative, focusing on what something does or is used for.

Direct

To manage or guide by giving commands or instructions with authority.

Deductive

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.