Asset efficiency ratios for fischer

Reference no: EM13264117

Asset efficiency ratios for Fischer, Inc. are given in the table below. Based on this information, Fischer, Inc.'s fixed asset turnover ratio is likely to be ________.

Fischer, Inc. Peer Group

Total Asset Turnover 1.58X 2.05X

Accounts Receivable Turnover 17.55X 14.35X

Inventory Turnover 6.34X 5.22X

Fixed Asset Turnover ????? 3.50X

A) equal to 3.50

B) less than 3.50

C) greater than 3.50

D) negative

Reference no: EM13264117

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