-According to the Above Table

question 2

Multiple Choice

$\begin{array}{llcc} \text { Net sales reverule } &\$900,000 \\ \text { Expenses } &\$500,000\\ \text { Interest } &\$10,000\\ \text { Income tax expense } &\$90,000\\ \text {Net cash from operations } &\$290,000\\ \text { Fixed Assets end of currert year } &\$600,000\\ \text { Liabilities end of current year } &\$100,000\\ \text { Stockholders \({ } ^ { ' }\) equity end of curent year } &\$500,000\\ \text { Fixed Assets end of previous year } &\$590,000\\ \text { Stockholders \({ } ^ { ' }\) equity end of previous year } &\$490,000\\ \text { Common stock outstanding} &40,000 \text {shares}\\ \text {Curent market price of stock } &\$15 \text { share}\\\end{array}$


-According to the above Table.Calculate the company's fixed asset turnover ratio for the current year.

• A)2.00
• B)1.80
• C)1.51
• D)0.50

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