Question

Verizon Communications is a major telecommunications company in the United States. Verizon’s balance sheet disclosed the following information regarding fixed assets:


Verizon’s revenue for 2009 was $107,808 million. The fixed asset turnover for the telecommunications industry averages 1.10.
a. Determine Verizon’s fixed asset turnover ratio. Round to two decimal places.
b. Interpret Verizon’s fixed asset turnoverratio.


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  • CreatedMay 07, 2012
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