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  • 1.  CMA Pop Quiz- Q&A 213

    Posted 01-12-2018 12:18 PM

    CMA Pop Quiz: Are you preparing for the #CMA exam? Take our #CMAPopQuiz!

    On its year-end financial statements, Caper Corporation showed sales of $3,000,000, net fixes assets of $1,300,000, and total assets of $2,000,000. The company's fixes asset turnover is 

    a. 1.5 times.
    b. 43.3%.
    c. 2.3 times.
    d. 65%.




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    Christine Purelis
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  • 2.  RE: CMA Pop Quiz- Q&A 213

    Posted 01-13-2018 11:29 AM
    CMA Pop Quiz: How did you do on our #CMAPopQuiz? #CMA

    Solution: C

    Casper's fixed asset turnover is 2.3 times calculated as follows. 

    Fixed asset turnover = Sales / Average net property, plant, and equipment
                                      = $3,000,000 / $1,300,000
                                       = 2.3 times

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    Christine Purelis
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