Newport Company Has Sales of $2,025,000 for the Current Year

question 53

Multiple Choice

Newport Company has sales of $2,025,000 for the current year.The book value of its fixed assets at the beginning of the year was $550,000 and at the end of the year was $800,000.The fixed asset turnover ratio for Newport is

• A)3.0
• B)3.6
• C)2.5
• D)3.7

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Former Slaves

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