Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

تمرين 42

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: retailing, manufacturing, and communications.

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.