Sierra Nevada Corp. reported Sales Revenue of $500,000,000 and Sales Discounts of $4,000,000 for the year. The beginning balance of Net Plant and Equipment was $23,000,000, and the ending balance was $27,000,000. What is the fixed asset turnover ratio?
A. 20.00
B. 18.37
C. 18.52
D. 19.84
Answer: D
Business
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