Question

Larry's Lab has sales of $35,750, net fixed assets of $14,500, current assets of $12,300, and cost of goods sold of $30,000. Which of the following is the fixed asset turnover ratio for the business? A) 1.18 times B) 1.19 times C) 2.47 times D) 2.91 times

Answer 1

Explanation:

Answer:

(i) x + 3 = 0

LHS = x + 3

Put x = 3, we get

LHS = 3 + 3 = 6 ≠ RHS

So, the equation is not satisfied.

(ii) x + 3 = 0

LHS = x + 3

Put x = 0, we get

LHS = 0 + 3 = 3 ≠ RHS

So, the equation is not satisfied.