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) negative B) less than 3.50
C) greater than 3.50 D) equal to 3.50
Question 2
Some insurers are experimenting with the use of an electronic device that can be installed in a vehicle to track driving behavior.
The insurers then use the information to help determine the appropriate auto insurance premium to charge. Such devices are called
A) data recorders.
B) radar detectors.
C) original equipment manufacturer parts.
D) thresholds
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