Question: Long-Term Assets: Fixed and Intangible 1. Read the following case and compute the fixed asset turnover ratio. 2. Explain in your own words how the

Long-Term Assets: Fixed and Intangible

1. Read the following case and compute the fixed asset turnover ratio. 2. Explain in your own words how the result of the turnover ratio of both companies is interpreted. La Flor de Mayo and La Rosa del Monte compete in the moving service sector. The greatest assets of these companies are moving trucks. warehouses and technological equipment. Sales and the average book value of fixed assets (book value} reported in the latest financial statements of each company is as follows: La Flor de Mayo La Rosa del Monte Sales (in millions) Average book value of xed assets (in millions) Book value Read the following case and calculate the book value of Home Depot's current and prior year fixed assets. Explain the difference in the book value between the two years. Home Depot is a distributor of building materials. gardening and kitchen equipment, among others. The following information is from the company's books. Fixed Assets Current Year Last Year Buildings $28.300 $21500 Machinery. equipment and 32.250 22.600 computer systems Other fixed assets 6,800 8.200 Accumulated depreciation and amortization

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