How is fixed asset turnover calculated, and what does the resulting ratio value mean?

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How is fixed asset turnover calculated, and what does the resulting ratio value mean?

Asset Turnover
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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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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