The following is selected data for Bach Co.:
The fixed asset turnover for 2016 was: (Round your final answer to two decimal places.)
A)1.75
B)0.20
C)2.27
D)0.26

Question

The following is selected data for Bach Co.: 
The fixed asset turnover for 2016 was: (Round your final answer to two decimal places.)
A)1.75 
B)0.20 
C)2.27 
D)0.26

Quizplus · Accepted Answer

Fixed Asset Turnover Ratio = Net Sales / Average Fixed Assets
Using the given data, we can calculate:
Fixed Asset Turnover for 2016 = Net Sales / Average Fixed Assets
=(11ea4bf2_a325_e56b_a578_1b3e7c919678_TB3024_00)/ (11ea4bf2_a325_e56b_a578_1b3e7c919678_TB3023_00 + 11ea4bf2_a325_e56b_a578_1b3e7c919678_TB3024_00)/2
= 2.27
Therefore, the correct choice is C.

The Following Is Selected Data for Bach Co