The following table shows the sales and average book value of fixed assets for three different companies

Question:

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:
Company (Industry) ________________ Sales (in millions) _______ Average Book Value of _____________________________________________________Fixed Assets (in millions)
Alphabet (Google) Inc. (Internet) ............... $ 74,989 ............................ $ 26,450
Comcast (communications) ......... 74,510 .............................. 32,309
Wal-Mart Stores, Inc. (retail) .................... 485,651 .............................. 117,281
a. For each company, determine the fixed ratio. Round to one decimal place.
b. Explain Comcast's fixed 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
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