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  3. company x has net sales revenue of $1,380,000, cos

Company X has net sales revenue of $1,380,000, cost of goods sold of $761,300, and...

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Accounting

Company X has net sales revenue of $1,380,000, cost of goods sold of $761,300, and all other expenses of $303,000. The beginning balance of stockholders' equity is $413,000 and the beginning balance of fixed assets is $374,000. The ending balance of stockholders' equity is $613,000 and the ending balance of fixed assets is $402,000. The fixed asset turnover ratio is closest to:

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