Which of the following formulas is used to determine Fixed Asset Turnover?
A) fixed assets/gross sales
B) cost of goods sold/fixed assets
C) net sales/fixed assets
D) fixed assets/net sales
E) gross sales/fixed assets

Question

Quizplus · Accepted Answer

Fixed Asset Turnover is calculated by dividing net sales by fixed assets, which measures how efficiently a company uses its fixed assets to generate sales.

Which of the Following Formulas Is Used to Determine Fixed