Answer: Higher than that of a company with newer assets.

The fixed asset turnover ratio is calculated as revenue divided by net fixed assets. For a company with older assets, the net fixed assets (carrying value) are lower due to higher accumulated depreciation. This results in a higher fixed asset turnover ratio compared to a company with newer assets, which has higher net fixed assets (carrying value) due to less depreciation. Therefore, the correct answer is **C**.

Author: LeetQuiz Editorial Team