Solved

Fill in the Missing Numbers Using the Formula for Fixed

Question 204

Essay

Fill in the missing numbers using the formula for fixed asset turnover:​  Company A  Company B  Company C  Company D  Sales $5,000,000$720,000$900,000? Beginning fixed assets $450,000$275,000?$380,000 Ending fixed assets $800,000?$310,000$420,000 Fixed asset turnover ?2.43.02.6\begin{array} { | l | r | r | r | r | } \hline & \text { Company A } & \text { Company B } & \text { Company C } & \text { Company D } \\\hline \text { Sales } & \$ 5,000,000 & \$ 720,000 & \$ 900,000 & ? \\\hline \text { Beginning fixed assets } & \$ 450,000 & \$ 275,000 & ? & \$ 380,000 \\\hline \text { Ending fixed assets } & \$ 800,000 & ? & \$ 310,000 & \$ 420,000 \\\hline \text { Fixed asset turnover } & ? & 2.4 & 3.0 & 2.6 \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents