Question: The following table shows the revenues and average net fixed assets

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.


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.
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  • CreatedMay 29, 2012
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