Corporate Financial Accounting
14th Edition
ISBN: 9781305653535
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 9, Problem 9.4ADM
Comcast, Google, and Walmart: Fixed asset turnover ratio
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) |
| Comcast Corporation (communications) | $64,657 | $ 28,536 |
| Google Inc. (Internet) | 59,825 | 14,189 |
| Walmart Stores, Inc. (retail) | 474,259 | 117,294 |
- A. For each company, determine the fixed asset turnover ratio. (Round to one decimal place.)
- B. Explain Comcast’s fixed asset turnover ratio relative to the other two companies.
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Chapter 9 Solutions
Corporate Financial Accounting
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