Your Company Has Net Sales Revenue of $36 Million During

question 40

Multiple Choice

Your company has net sales revenue of $36 million during the year.At the beginning of the year,fixed assets are $8 million.At the end of the year,fixed assets are $10 million.What is the fixed asset turnover ratio?

• A)4.5
• B)4.0
• C)2.0
• D)3.6