Fill in the Missing Numbers Using the Formula for Fixed

question 52

Essay

Fill in the missing numbers using the formula for fixed asset turnover:

$\begin{array}{|l|r|r|r|r|}\hline & \text { Company A } & \text { Company B } & \text { Company C } & \text { Company D } \\\hline \text { Sales } & \$ 5,000,000 & \$ 720,000 & \$ 900,000 & ?\\\hline \text { Beginning fixed assets } & \$ 450,000 & \$ 275,000 & ? & \$ 380,000 \\\hline \text { Ending fixed assets } & \$ 800,000 & ? & \$ 310,000 & \$ 420,000 \\\hline \text { Fixed asset turnover } & ? & 2.4 \text { times } & 3 \text { times } & 2.6 \text { times } \\\hline\end{array}$

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Definitions:

Goods Purchased

Transactions involving the acquisition of physical products or materials for business use or resale.

Future Use

Refers to the intention to utilize something at a later time, not immediately.

Liabilities

Financial obligations or debts that a company owes to external parties or entities.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services delivered but not yet paid for.