The comparative financial statements of B. Darin include the following data: Current Year Prior Year...
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The comparative financial statements of B. Darin include the following data: Current Year Prior Year Income Statement Net Sales Revenue Cost of Goods Sold Operating Expenses Interest Expense Income Tax Expense Net Income Balance Sheet Current Assets Plant, Property and Equipment, Net Current Liabilities Long-Term Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity $130,000 55,000 39,000 3,500 5,000 27,500 $100,000 47,000 32,000 3,500 4,000 13,500 15,000 98,000 45,000 43,000 125,000 213,000 95,000 05,000 38,000 43,000 119,000 200,000 10 Use the information above to answer the following question. The fixed asset turnover ratio for the current year is closest to: 164 1.28 124 075
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