Solved: Compute the fixed asset turnover, Accounting Basics

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Compute the fixed asset turnover

Task: Compute the Fixed Asset Turnover

Current assets, end of year . . . . . . . . . . . . . . . . . . . . .$ 35,000
Fixed assets, end of year . . . . . . . . . . . . . . . . . . . . . . . 180,000
Fixed assets, beginning of year . . . . . . . . . . . . . . . . . . .195,000
Sales during the year . . . . . . . . . . . . . . . . . . . . . . . . . .595,000

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Accounting Basics: Compute the fixed asset turnover

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Accounting Basics: Compute the fixed asset turnover

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