Total assets 5000000
- current assets 2000000
- revenue 1500000
- COGS 600000
- other expenses 400000
- company has not taxes liability

Question

fixed assets turn over equal

A-20%

B-15%

C-16.2%

D-30%

mohamed Hakim CMA CPA Candidate · Answer

$Fixed\ Asset\ Turnover = \frac{Net\ sales}{Average\ net\ fixed\ assets}$

answer = 1,500,000 / 3,000,000 (5,000,000-2,000,000) = .50 =50%

Muhammad Ramzan Tufail ACCA · Answer

Correct Ans is50 %.

Am i right....?

Ahmed kandil · Answer

Fixed assets turnover equal
net income ÷ fixed assets 
so correct answer is (C)