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Question
Fill in the missing numbers using the formula for the fixed asset turnover ratio:
| 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 ratio | ? | 2.4 | 3.0 | 2.6 |
Answer
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