Bakiponi Corp What Is the Fixed Asset Turnover Ratio for 2019? (Round

question 65

Multiple Choice

Bakiponi Corp. provides the following data from its recent financial statements: $$\begin{array} { | l | r | r | } \hline \text { Dollars in millions) } & { \mathbf { 2 0 1 8 } } & { \mathbf { 2 0 1 9 } } \\\hline \text { Beginning Gross Fixed Assets } & \$ 2,140,000 & \$ 2,260,000 \\\hline \text { Ending Gross Fixed Assets } & 2,260,000 & 2,380,000 \\\hline \text { Beginning Accumulated Depreciation } & 1,210,000 & 1,420,000 \\\hline \text { Current-year Depreciation Expense } & 210,000 & 260,000 \\\hline \text { Current-year Sales Revenue } & 3,150,000 & 4,020,000 \\\hline\end{array}$$
What is the fixed asset turnover ratio for 2019? (Round your answer to two decimal places, X.XX.)

• A) 5.74
• B) 5.22
• C) 4.09
• D) 1.69

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Definitions:

Dimensioning

The practice of specifying part sizes, shapes, and features on technical drawings or CAD models, including dimensions, tolerances, and other critical specifications.

Two-Axis

Referring to systems, machines, or components that operate or move in two different directions or planes, typically described by x and y coordinates.

Negative Y Values

Represent values below the horizontal axis in a Cartesian coordinate system, typically indicating a decrease or loss.

Accurately Positioning

The precise placement or alignment of components in relation to each other or to a reference point, crucial for the correct functioning of mechanical systems.