The company has net sales revenue of $7.0 million during 2016. The company's records also...
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The company has net sales revenue of $7.0 million during 2016. The company's records also included the following information:
| Assets | 12/31/15 | 12/31/16 |
| Property, plant and equipment | $4.0 million | $5.9 million |
| Licensing agreements | $2.2 million | $2.1 million |
| Goodwill | $2.0 million | $2.0 million |
| Investments | $2.1 million | $2.2 million |
| What is the company's fixed asset turnover ratio for 2016? |
A.1.00
B.2.51
C.16.97
D.1.41
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