Binding Company reported net fixed assets of $190,000 at the end of Year 1 and $210,000 at the end of Year 2. The company also reported net revenues of $200,000 for Year 1 and $240,000 for Year 2. What was the fixed asset turnover ratio

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of