If ABC's sales are $1,000,000, while accounts receivable is $100,000, inventory is $45,000, and fixed assets are $132,000, what is ABC's fixed asset turnover?
A) 7.58
B) 10.00
C) 0.13
D) 22.22

Name: If ABC's sales are $1,000,000, while accounts receivable is $100,000, inventory is $45,000, and fixed assets are $132,000, what is ABC's fixed asset turnover? A) 7.58 B) 10.00 C) 0.13 D) 22.22
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Quizplus · Accepted Answer

Fixed asset turnover = Sales/Fixed asset = 1,000,000/132,000 = 7.58

If ABC's Sales Are $1,000,000, While Accounts Receivable Is $100,000