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 Comcasts fixed asset turnover ratio relative t...

a b Comcasts fixed asset turnover is significantly less than the other two companies This means Comc ...

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

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:

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.

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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