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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following information was reported by Cutter’s Air Cargo Service for 2007:
Net fixed assets (beginning of year) ……………….$1,500,000
Net fixed assets (end of year) ……………………… 2,300,000
Net sales for the year ………………………………. 3,300,000
Net income for the year ……………………………. 1,600,000
Compute the company’s fixed asset turnover ratio for the year. What can you say about Cutter’s ratio when compared to Southwest’s 2007 ratio?
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