Question: Chapter 9 Long-Trm Assets: Fixed and Intangible473 DM-4 Comcast, Google, and Walmart: Fixed asset turnover ratio The following table shows the sales and average book
Chapter 9 Long-Trm Assets: Fixed and Intangible473 DM-4 Comcast, Google, and Walmart: Fixed asset turnover ratio 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: Sales (in millions) Comcast Corporation (communications) $64657 59,825 474,259 Average Book Value of Flxed Assets (in millions) $ 28,536 Company (Industry) Google Inc. (Internet) Walmart Stores, Inc. (retail) 14,189 117,294 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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