Question: 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:

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:

Average Book Value of Fixed Assets (in millions) Sales Company (Industry) Comcast Corporation (CMCSA) (communications) A

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.

Average Book Value of Fixed Assets (in millions) Sales Company (Industry) Comcast Corporation (CMCSA) (communications) Alphabet Inc. (GOOGL) (Internet) Wal-Mart Stores, Inc. (WMT) (retail) (in millions) $ 80,403 90,272 482,130 $ 34,959 31,625 112,226

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