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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Original Message:
Sent: 01-12-2018 12:18 PM
From: Christine Purelis
Subject: CMA Pop Quiz- Q&A 213
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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