Details of this Paper

need the answer in 20 min

Description

solution


Question

(TCO G) As of December 31, 20XX, Michael Corp's fixed assets before depreciation were $14,000,000. Its sales for the year were $32,000,000. Its EBIT for 20XX was $1,500,000, and its accumulated depreciation on fixed assets was $4,000,000. What was its fixed assets turnover ratio? (Points: 5)

 

Paper#76183 | Written in 18-Jul-2015

Price : $22
SiteLock