The fixed asset turnover ratio is calculated as ________
a. Average book value of fixed assets / Net Income
b. Net Sales / Average book value of fixed assets
c. Net Sales / Accumulated Depreciation
d. Average book value of fixed assets / Accumulated Depreciation
b
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Consider Figure 6.3. With free trade, Iraq purchases ______________ computers at a price of $______________ and realizes $______________ of consumer surplus from the availability of computers.
a. 30, $3,000, $25,000
b. 30, $3,000, $35,000
c. 30, $3,000, $45,000
d. 30, $3,000, $55,000
The cost of assets acquired for a lump sum should be allocated equally among the acquired assets
Indicate whether the statement is true or false
Dollar value bias is the bias one sees from comparing number in relative (dollars) rather than absolute (percentage) terms
Indicate whether the statement is true or false
Business product classes are based on how buyers think about products and how the products will be used.
Answer the following statement true (T) or false (F)