If ABC's Sales Are $1,000,000, While Accounts Receivable Is $100,000

question 4

Multiple Choice

If ABC's sales are $1,000,000, while accounts receivable is $100,000, inventory is $45,000, and fixed assets are $132,000, what is ABC's fixed asset turnover?

• A) 7.58
• B) 10.00
• C) 0.13
• D) 22.22

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