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 Walmart’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 b The fixed asset turnover measures the amount of revenue earned per dollar of fixed assets Walmar...View the full answer
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Related Book For 
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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