Business
AccountingCorporate Financial AccountingCompare Comcast, Alphabet, and Wal-Mart 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 (CMCSA) (communications) $ 80,403 $ 34,959 Alphabet Inc. (GOOGL) (Internet) 90,272 31,625 Wal-Mart Stores, Inc. (WMT) (retail) 482,130 112,226 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.Compare Comcast, Alphabet, and Wal-Mart 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 (CMCSA) (communications) $ 80,403 $ 34,959 Alphabet Inc. (GOOGL) (Internet) 90,272 31,625 Wal-Mart Stores, Inc. (WMT) (retail) 482,130 112,226 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.
BuyFindlaunch
Corporate Financial Accounting
15th Edition
Carl Warren + 1 other
Publisher: Cengage Learning
ISBN: 9781337398169
BuyFindlaunch
Corporate Financial Accounting
15th Edition
Carl Warren + 1 other
Publisher: Cengage Learning
ISBN: 9781337398169
Solutions
Chapter
Section
Chapter 9, Problem 9.5MAD
Textbook Problem
Compare Comcast, Alphabet, and Wal-Mart
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 (CMCSA) (communications) | $ 80,403 | $ 34,959 |
| Alphabet Inc. (GOOGL) (Internet) | 90,272 | 31,625 |
| Wal-Mart Stores, Inc. (WMT) (retail) | 482,130 | 112,226 |
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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Corporate Financial Accounting
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