The following table shows the sales and average book value of fixed assets for three different companies

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The following table shows the sales and average book value of fixed assets for three different companies from three different industries for a recent year:

a. For each company, determine the fixed asset turnover ratio. Round to one decimal place.

b. Explain Comcast’s fixed asset turnover ratio relative to the other two companies.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 08, 2021 09:12 AM

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The following table shows the sales and average book value of fixed assets for three different companies

Question:

Average Book Value of Fixed Sales (in millions) Company (industry) Alphabet (Google) Inc. Internet) Comcast Corporation (communications) Walmart Inc. (retail) Assets (in millions) $ 51,051 $136,819 94,507 41,454 510,329 113,107

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Accounting

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