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the wilson company has provided the following information: net sales, $155,000 net operating income, $51,000 net income, $31,000 average total assets, $131,000 average net fixed assets; $91,000 what is wilson's fixed asset turnover ratio?

Respuesta :

1.94  is wilson's fixed asset turnover ratio .

Why do you use the term "net income"?

  • Net income is the amount earned by a person or a company after costs, allowances, and taxes have been subtracted.
  • In the world of business, net income is the amount that remains after all costs, such as payroll, the price of goods or raw materials, and taxes, have been paid.

Fixed turnover ratio = net sales/average fixed assets

Net sales = $1,90,000/

average fixed assets = $98000

                                 = $1,90,000/$98000

                                   = $1.93877  ⇒ 1.94

Learn more about net income

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