The Net Fixed Assets of Auburn Media Ltd

question 32

Multiple Choice

The net fixed assets of Auburn Media Ltd. is $850 million. The sales of the firm is $1,420 million. The firm's fixed assets turnover ratio is:

• A)1.35 times.
• B)2.42 times.
• C)1.67 times.
• D)2.8 times.
• E)3.45 times.

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