Question: The following table shows the revenues and average net fixed assets for a recent fiscal year for three different companies from three different industries: retailing,

The following table shows the revenues and average net fixed assets for a recent fiscal year for three different companies from three different industries: retailing, manufacturing, and communications.

a. For each company, determine the fixed asset turnover ratio. Round to two decimal places.
b. Explain Wal-Mart's ratio relative to the other twocompanies.

Average Net Fixed Assets (in millions) (in millions) Revenues $83,865 14,495 20,009 Wal-Mart $348,650 30,379 Alcoa Inc. Comcast Corporation 24,966

Step by Step Solution

★★★★★

3.56 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Fixed Asset Turnover WalMart 416 Alcoa Inc 210 Comcast Corporation 125 b The fixed asset turnover ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

46-B-A-I-A (893).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Best Buy and Circuit City Stores, Inc.: a. Compute the fixed asset turnover for each...

The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Best Buy and Circuit City Stores, Inc.: (a) Compute the fixed asset turnover for each...

The following table shows the revenues (in millions of dollars) for The Gap, Inc., and American Eagle Outfitters, Inc., for the years 2008-2010. Source: Annual Reports for Gap, Inc., and American...

The following table shows the revenues and average net fixed assets for a recent fiscal year for three different companies from three different industries: retailing, manufacturing, and...

Fixed asset turnover: three industries The following table shows the revenues and average net fixed assets for a recent fiscal year for three different companies from three different industries:...

The following table shows the revenues and average net fixed assets for a recent fiscal year for three different companies from three different industries: retailing, manufacturing, and...

=+The following table shows the revenues and average net fixed assets for a recent fiscal year for three different companies from three different industries: retailing, manufacturing, and...

Treatment of 2-butanone (1 mol) with Br2 (2 mol) in aqueous HBr gave C4H6Br2O. The 1H NMR spectrum of the product was characterized by signals at 1.9 ppm (doublet, 3 protons), 4.6 ppm (singlet, 2...

Given the following matrix: -1 2 3 05 the following Elementary Row Operation is performed to the above matrix: multiply Row #1 by-1 and add to Row #2 From below options, select the correct new matrix...

Auerbach Incorporated issued 8 % bonds on October 1 , 2 0 2 7 . The bonds have a maturity date of September 3 0 , 2 0 3 7 and a face value of $ 3 5 0 million. The bonds pay interest each March 3 1...

A vertical cylinder with a movable piston contains 1.00 mol of a diatomic ideal gas. The volume of the gas is Vi, and its temperature is Ti. Then the cylinder is set on a stove and additional weights...

A vertical cylinder with a heavy piston contains air at a temperature of 300 K. The initial pressure is 200 kPa, and the initial volume is 0.350 m3. Take the molar mass of air as 28.9 g/mol and...

A vertical cylinder of cross-sectional area A is fitted with a tight-fitting, frictionless piston of mass m (Fig. P19.53) (a) If n moles of an ideal gas are in the cylinder at a temperature of T,...

Verify Equations 21.27 and 21.28 for the rms and average speed of the molecules of a gas at a temperature T. Note that the average value of vn is

A velocitytime graph for an object moving along the x axis is shown in Figure P2.14. ] (a) Plot a graph of the acceleration versus time. (b) Determine the average acceleration of the object in the...

The government has just lowered personal income taxes. Which of the following best describes the effects that this policy has on the economy? (A) Higher disposable income, higher consumption, higher...

Inventoriable Costs Assume that in an annual audit of Webber Inc. at December 31, 2010, you. Find the following transactions near the closing date. 1. A special machine, fabricated to order for a...

Inventoriable CostsPerpetual Bradford Machine Company maintains a general ledger account for each class of inventory, debiting such accounts for increases during the period and crediting them for...

Inventoriable CostsError Adjustments Werth Company asks you to review its December 31, 2010, inventory values and prepare the necessary adjustments to the books. The following information is given to...

Suppose you work as a strategic financial manager at Nadia Inc., a large telecommunications firm which is considering making an offer to purchase Shaan Inc. a smaller network company. You have...

Bilboa Freightlines, S.A., of Panama, has a small truck that it uses for intracity deliveries. The truck is worn out and must be either overhauled or replaced with a new truck. The company has...

Sauer Milk Inc. wants to determine the minimum cost of capital point for the firm. Assume it is considering the following financial plans: Compute the weighted average cost for four plans. (Do not...