Max's Tire Center Company
Selected Data from the Financial

Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.
$\begin{array}{lll}&\underline{2012}&\underline{2011}\\\text { Fixed assets } & \$ 150,000 & \$ 138,000 \\\text { Depreciation expense } & 45,000 & 42,000 \\\text { Total assets } & 500,000 & 490,000 \\\text { Cashflow from operations } & 320,000 & 289,000 \\\text { Net sales } & 370,000 & 360,000 \\\text { Capital expenditures } & 15,000 & 13,000\end{array}$
-Refer to the selected data provided for Max's Tire Center. What is Max's fixed assets turnover in 2012?

A) The fixed assets turnover is 2.75 in 2012.
B) The fixed assets turnover is 2.68 in 2012.
C) The fixed assets turnover is 2.36 in 2012.
D) The fixed assets turnover is 2.57 in 2012.