Marriott International Inc. and Intercontinental Hotels Group operate hotels worldwide. The following data (in millions) were adapted
Question:
1. Compute the fixed asset turnover. Round to two decimal places.
2. Comment on the fixed asset turnover results from part(1).
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... 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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Marriott Intercontinental Net sales Beginning of year property, plant, and equipmen End of year property, plant, and equipment $12,317 1307 1,168 $1,768 1,690 1,579
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