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

Comprehend the importance of sustainability and ethical considerations within the supply chain.

Recognize the evolution of supply management from a transactional to a strategic function.

Understand the impact of supply management actions on the organization's financial performance and competitive positioning.

Grasp the importance of supply in both manufacturing and service organizations.

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Definitions:

Trait

A stable characteristic or quality that describes a person's typical thoughts, feelings, and behaviors.

Social-cognitive

Pertains to the branch of psychology that examines the influence of social contexts and cognitive processes on individuals' behaviors and perceptions.

Psychodynamic

Pertaining to a psychological perspective that emphasizes unconscious psychological processes and childhood experiences in shaping behavior and personality.

Reciprocal Determinism

A concept proposed by psychologist Albert Bandura, suggesting that a person's behavior both influences and is influenced by personal factors and the social environment.