Chartered Financial Analyst Level 1
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All else being equal, a company with older assets will have a fixed asset turnover ratio that is:
All else being equal, a company with older assets will have a fixed asset turnover ratio that is:
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A
Lower than that of a company with newer assets.
20.8%
B
Equal to that of a company with newer assets.
16.7%
C
Higher than that of a company with newer assets.
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