Peppertree Co.'s financial statements on December 31, 2018, showed the following: Net Sales$550,000 Fixed Assets, January 1$146,000 Fixed Assets, December 31$134,000 Total Assets, January 1$194,000 Total Assets, December 31$200,000 What is the fixed asset turnover for 2018 (rounded to two decimal places)?
A. 3.93
B. 4.10
C. 2.60
D. 2.79
Answer: A
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