Use the following information to answer the following question(s).
Key Ratios for ABC, Ltd.and Its Industry
ABC, Inc.Income Statement (in thousands)December 31, 2016
ABC Ltd Balance Sheet (in thousands)December 31, 2016

-In 2016, ABC's fixed asset turnover is [blank].
A)2.78
B)5.0
C)4.6
D)4.8

Question

Use the following information to answer the following question(s).
Key Ratios for ABC, Ltd.and Its Industry
  ABC, Inc.Income Statement (in thousands)December 31, 2016
  ABC Ltd Balance Sheet (in thousands)December 31, 2016
 
-In 2016, ABC's fixed asset turnover is [blank].
A)2.78 
B)5.0 
C)4.6 
D)4.8

Quizplus · Accepted Answer

Fixed asset turnover is calculated by dividing net sales by average fixed assets. Without specific financial data from ABC for 2016, it's impossible to accurately determine the fixed asset turnover. The correct answer cannot be provided without additional context or data.

Use the Following Information to Answer the Following Question(s)