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The following information was reported by Young's Air Cargo Service for 2020: Net fixed assets...

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Accounting

The following information was reported by Young's Air Cargo Service for 2020: Net fixed assets (beginning of year) $1,940,000 Net fixed assets (end of year) 2,330,000 Net operating revenues for the year 3,340,000 Net income for the year 1,680,000 Compute the company's fixed asset turnover ratio for the year.

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