Question: Analyzing, fixed asset turnover three years The following information relates to The Walt Disney Company (Disney), an entertainment company (amounts in millions): a. Compute the

Analyzing, fixed asset turnover three years The following information relates to The Walt Disney Company (Disney), an entertainment company (amounts in millions):

a. Compute the used asset turnover for each year.

b. How well has Disney managed its investment in fixed assets over the three years?

2007 2006 2005 $5,970 3,193 406 Sales Cost of Goods Sold $5,650 3,038 $5,179 2,806 Average Inventory 380 415

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