Salieri's Supply Company Has Net Sales of $1,210,000, Net Income

question 10

Multiple Choice

Salieri's Supply Company has net sales of $1,210,000, net income of $87,000, average current assets of $49,000, average fixed assets of $186,000, and average total assets of $235,000. Salieri's fixed asset turnover ratio is: (Round your final answer to two decimal places.)

• A)5.15.
• B)0.15.
• C)6.51.
• D)24.69.

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