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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Industrial Medical Supply has net sales of $1,200,000, net income of $85,000, average current assets of $53,000, average fixed assets of $184,000, and average total assets of $237,000. Industrial Medical Supply's fixed asset turnover ratio is:
A) 5.06.
B) 0.15.
C) 6.52.
D) 22.64.
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Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
I appreciate it once again, answered correctly
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