In: Finance
PQR Corp. had $35,000,000 in revenues (sales), $12,600,000 in Costs of Goods Sold (COGS), $4,900,000 in SG&A expenses, $4,600,000 in depreciation expenses, $3,400,000 in interest expenses, and $2,200,000 in tax expenses. The firm also had $36,200,000 in total assets and $14,200,000 in total liabilities during the same fiscal year. What was the firm’s fixed asset turnover?