Homework Answers
| Fixed Asset Turnover Ratio= Net Sales/ Average Fixed Asst |
| 212722/98888=2.151 times |
| Average Fixed Asset= ( Beg Net Asset+ Ending Net Asset)/2 |
| (94150+103626)/2=98888 |
| Average age of Fixed Asset= Accumulated Depreciation/ Depreciation |
| $49133/12315=3.99 Year |
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