Question: Verizon Communications is a major telecommunications company in the United States Verizon s

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 2005 was $75,112 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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  • CreatedJuly 17, 2012
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