Use the following to answer question: 
-(Table: Cakes) Use Table: Cakes.Pat is opening a bakery to make and sell special birthday cakes.She is trying to decide how many mixers to purchase.Her estimated fixed and average variable costs if she purchases 1,2,or 3 mixers are shown in the table.Assume that average variable costs do not vary with the quantity of output.If Pat purchases 2 mixers,her average fixed cost _____ in the range of output between 100 and 400 cakes.
Definitions:
Asset Turnover
A ratio determining the efficacy of a company's asset utilization in creating sales revenue.
Current Ratio
An indicator of a company's short-term financial health, determined by dividing its assets due within a year by its liabilities due in the same timeframe.
Net Working Capital
The discrepancy between a firm's immediate assets and its short-term obligations.
Liquid Ratio
A financial metric comparing a company's liquid assets (cash and marketable securities) to its current liabilities, often used to assess liquidity.
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