Campbell Co. has net sales revenue of $1,360,000, cost of goods sold of $761,100, and all other expenses of $301,000. The beginning balance of stockholders' equity is $411,000 and the beginning balance of fixed assets is $372,000. The ending balance of stockholders' equity is $611,000 and the ending balance of fixed assets is $400,000. The fixed asset turnover ratio is closest to:

A. 1.71
B. 0.54
C. 1.23
D. 3.52


Answer: D

Business

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