Use the Following Information to Answer the Following Question(s)

question 118

Multiple Choice

Use the following information to answer the following question(s) .
Key Ratios for ABC, Ltd.and Its Industry
ABC, Inc.Income Statement (in thousands) December 31, 2016
ABC Ltd Balance Sheet (in thousands) December 31, 2016

-In 2016, ABC's fixed asset turnover is [blank].

• A)2.78
• B)5.0
• C)4.6
• D)4.8

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Definitions:

Appraisal Process

The methodical evaluation of a piece of property's value, an employee's performance, or the quality of an asset or project.