How is the fixed asset turnover ratio computed? Explain its meaning.

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How is the fixed ratio computed? Explain its meaning.

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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Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Question Posted: Dec 12, 2011 09:29 AM

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How is the fixed asset turnover ratio computed? Explain its meaning.

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Financial Accounting

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