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anzhelika [568]
3 years ago
9

The company has net sales revenue of $5.0 million during 2018. The company's records also included the following information: As

sets 12/31/17 12/31/18 Property, plant and equipment $ 3.0 million $ 3.9 million Licensing agreements $ 1.2 million $ 1.1 million Goodwill $ 1.0 million $ 1.0 million Investments $ 1.1 million $ 1.2 million What is the company's fixed asset turnover ratio for 2018
Business
1 answer:
il63 [147K]3 years ago
3 0

Answer:

1.45 times

Explanation:

The computation of company's fixed asset turnover ratio is shown below:-

Average of Net Property, plant and equipment = ($3.0 million +  $3.9 million) ÷ 2

= $6.9 million ÷ 2

= $3.45 million

Fixed asset turnover ratio = Net Sales ÷ Average of Net Property, plant and equipment

= $5 million ÷ $3.45 million

= 1.45 times

Therefore for computing the fixed assets turnover ratio we simply applied the above formula.

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General agent

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A general agent can perform all acts in relation to a business that has been assigned by the principal. For example in real estate when an agent performs property management functions for his client he is acting as a general agent.

On the other hand a special agent is one that is employed by a principal to perform a specific task or job and his scope of responsibility is limited to that job function.

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Learn more about the Redemption here brainly.com/question/13554337

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2 years ago
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D. increase; decrease

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Therefore, domestic currency will depreciate and foreign currency will appreciate thus this action will lead to real home/Foreign rate to increase and will decrease the nominal home/foreign exchange rate.

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