A Fixed Asset Turnover Ratio of 4

question 205

Multiple Choice

A fixed asset turnover ratio of 4.3 indicates that for every:

• A)$1 in sales revenue,the firm acquired $4.30 of assets.
• B)$1 in fixed assets,the firm earned $4.30 of net income.
• C)$1 in assets,the firm paid $4.30 of expenses.
• D)$1 in fixed assets,the firm generated $4.30 of net sales.

---

Definitions:

Timer Tag Name

An identifier used in programming and automation that refers to a specific timer, tracking its duration or status within a control system.

Diverter Gate Solenoid

A diverter gate solenoid in an automated system is an electromechanical device used to control the direction or path of material flow in a conveying system by actuating diverter gates.