The following table shows the revenues and average net fixed assets for a recent fiscal year for
Question:
__________________________________Revenues ___________ Average Net Fixed
_________________________________(in millions) ___________Assets (in millions)
Walmart ......................................... $446,950 ............................. $110,101
Occidental Petroleum Corporation ............. 24,172 ................................ 48,874
Comcast Corporation ............................ 62,570 ................................ 27,396
a. For each company, determine the fixed asset turnover ratio. Round to two decimal places.
b. Explain Walmart's 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. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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a Fixed Asset Turnover Ratio Revenue Average Book Value of Fixed Assets Walmart 446950 110101 406 Oc...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
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