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Question
Newport Company has sales of $2,025,000 for the current year. The book value of its fixed assets at the beginning of the year was $550,000 and at the end of the year was $800,000. The fixed asset turnover ratio for Newport is
a. 3.0
b. 3.6
c. 3.7
d. 2.5
Answer
This answer is hidden. It contains 1 characters.
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