Computing and Evaluating the Fixed Asset Turnover Ratio
The following information was reported by Kramer’s Air Cargo Service for 2008:
Net fixed assets (beginning of year) | $1,900,000 |
Net fixed assets (end of year) | 2,300,000 |
Net sales for the year | 3,300,000 |
Net income for the year | 1,600,000 |
Compute the company’s fixed asset turnover ratio for the year. What can you say about Kramer’s ratio when compared to Southwest’s 2008 ratio?
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