1.45 please help! Knowledge Check 01 The balance sheets of...
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1.45 please help! 
Knowledge Check 01 The balance sheets of Davidson Corporation reported net fixed assets $620,000 at the end of Year 1 and $340,000 at the end of Year 2. Net sales for Year 2 totaled $1,440,000. What is the fixed-asset turnover ratio for Year 2 ? Note: Round your answer to 1 decimal number. Knowledge Check 01 If a company exchanges an asset with a book value of $260,000, an original cost of $500,000, and a fair value of $300,000 plus cash of $100,000 for a new asset, what is the gain or loss recognized on the transaction
1.45 please help!
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