Question

Refer to the following information to answer the next 4 questions (Q15 to Q18):

Calculate the Fixed Assets Turnover Ratio.

A 2 Times Correct Answer Incorrect Answer
B 0.5 Times Correct Answer Incorrect Answer
C 5 Times Correct Answer Incorrect Answer
D 2.5 Times Correct Answer Incorrect Answer
E 3 Times Correct Answer Incorrect Answer

Solution

Fixed Assets Turnover Ratio = Net Sales/ Net Fixed Assets 12,00,000/ 24,00,000 = 0.5

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