The following table shows the revenues and average net fixed assets for a recent fiscal year for
Question:
The following table shows the revenues and average net fixed assets for a recent fiscal year for three different companies from three different industries: retailing, manufacturing, and communications.
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a. For each company, determine the fixed asset turnover ratio. Round to two decimal places.
b. Explain Wal-Mart's ratio relative to the other twocompanies.
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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a Fixed Asset Turnover WalMart 416 Alcoa Inc 210 Comcast Corporation 125 b The fixed asset turnover ...View the full answer
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Related Book For 
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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