The fixed-asset turnover ratio provides:
A. The rate of decline in asset lives.
B. The rate of replacement of fixed assets.
C. The amount of sales generated per dollar of fixed assets.
D. The decline in book value of fixed assets compared to capital expenditures.
Answer:C
The fixed-asset turnover ratio provides:
A. The rate of decline in asset lives. B. The rate of replacement of fixed assets. C. The amount of sales generated per dollar of fixed assets. D. The decline in book value of fixed assets compared to capital expenditures.