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agasfer [191]
3 years ago
12

Mr. Fixit, Inc.'s fixed asset turnover was 3.0 in 2019 and 2.4 in 2018. This increase in its fixed asset turnover may indicate t

hat the company ______. (Check all that apply.)
Business
1 answer:
marusya05 [52]3 years ago
5 0

Answer:

- Used its fixed assets more efficiently.

- Had a greater increase in sales relative to its fixed assets.

Explanation:Fixed assets are long term assets that a company acquires,they are also tangible and are non current in nature. This type of assets appear in a company's balance sheet buildings,equipments,lands etc.

WHEN A FIXED ASSET IS EFFICIENTLY UTILIZED IT WILL CONTINUE TO GIVE A HIGHER TURNOVER.

IT CAN ALSO MEAN THAT THE ASSET HAD A GREATER INCREASE IN SALES RELATIVE TO ITS FIXED ASSET.

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Hey there,

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4 years ago
What economic activities are not included in GDP?
laiz [17]
 
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4 years ago
Which statement below is something that political machines and the settlement house movement did not have in common? (1 point)
s2008m [1.1K]

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Their leaders won international acclaim.

Explanation:

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Internet businesses are often called ______ businesses
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Explanation:

8 0
2 years ago
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What are the two measures of profitability that The DuPont system merges the income statement and balance sheet into? A. net pro
Bogdan [553]

Answer:

Return on total asset and return on equity

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