Asset efficiency ratios for Fischer, Inc. are given in the table below

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

ANSWER

B