How is the fixed asset turnover ratio computed? Explain its meaning.

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How is the fixed ratio computed? Explain its meaning.
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Nov 02, 2015 05:52 AM

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How is the fixed asset turnover ratio computed? Explain its meaning.

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The fixed asset turnover ratio Net sales revenue Beginning net fixed asset bal...View the full answer

Fundamentals of Financial Accounting

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