Final answer:
The fixed asset turnover ratio measures a company's efficiency in generating sales from its fixed assets.
Step-by-step explanation:
The fixed asset turnover ratio is a financial metric used to measure a company's efficiency in generating sales from its fixed assets. It is calculated by dividing net sales by average fixed assets. In this case, we do not have the net sales information required to calculate the ratio. However, if we assume that net sales are equal to the equity of $30, the fixed asset turnover ratio would be:
Fixed Asset Turnover Ratio = Net Sales / Average Fixed Assets
Fixed Asset Turnover Ratio = $30 / $100
Fixed Asset Turnover Ratio = 0.3
Therefore, the fixed asset turnover ratio would be 0.3.