T. Powers Company's financial statements on December 31, 2010, showed the following: 
What is the fixed asset turnover for 2010 (rounded to two decimal places) ?
Definitions:
Perfect Tender Rule
A legal principle in commercial law that sellers must deliver goods that exactly meet the terms of the contract without any deviation.
Material Breach
A substantial breach of a significant term or terms of a contract that excuses the nonbreaching party from further performance under the contract and gives the nonbreaching party the right to recover damages.
Partially Destroyed
Refers to property or goods that have been damaged but not completely ruined, retaining some value or use.
Contract Price
The price agreed upon by the contracting parties as the amount to be paid for the fulfillment of the contract obligations.
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