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Labor Intensive
A process or industry that requires a large amount of human labor compared to capital investment.
Fixed Asset Turnover Ratio
A financial ratio that measures a company's efficiency in using its fixed assets to generate sales, calculated by dividing net sales by the net value of fixed assets.
Book Value
The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets and liabilities.
Accumulated Depreciation
The total depreciation charged over an asset's life, reducing its book value.
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