The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Best
a. Compute the fixed asset turnover for each company. Round to two decimal places.
b. Which company uses its fixed assets more efficiently?Explain.
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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Question Posted: July 17, 2012 02:11:41