Homework SourseI need your help answering this question please help me Ple
I need your help answering this question, please help me.
( Please, type the answer up, so it becomes more clear for me )
value 2.85 points M9-13 Computing and Evaluating the Fixed Asset Turnover Ratio LO 9-7 The following information was reported by Amuse Yourself Parks (AYP) Net fixed assets (beginning of year) Net fixed assets (end of year) Net sales for the year Net income for the year $ 8,490,000 8,290,000 4,195,000 1,910,000 Compute the company\'s fixed asset turnover ratio for the year Fixed Asset Turnover Ratio Numerator Denominator Solution
Fixed assets turnover ratio = Net sales / Fixed assets
| Numerator | Net sales | $4,195,000 | 0.50 |
| Denominator | Fixed assets | ($8,490,000+$8,290,000)/2 = $8,390,000 |
