Verizon: Fixed asset turnover ratio Verizon Communications Inc. is a major telecommunications company in the United States. Two recent balance sheet for Verizon disclosed the following information regarding fixed assets: 11eb79a5_996d_1719_bf8a_2f5ffbcf3e96_SM1598_00 Verizon's revenue for the year was $120,550 million. Assume the fixed asset turnover ratio for the telecommunications industry averages approximately 1.1. A. Determine Verizon's fixed asset turnover ratio. (Round to one decimal place.) B. Interpret this ratio with respect to the industry average.

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

النسخة 14الرقم المعياري الدولي: 978-1305653535

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

النسخة 14الرقم المعياري الدولي: 978-1305653535

تمرين 44

Verizon: Fixed asset turnover ratio
Verizon Communications Inc. is a major telecommunications company in the United States. Two recent balance sheet for Verizon disclosed the following information regarding fixed assets:

Verizon's revenue for the year was $120,550 million. Assume the fixed asset turnover ratio for the telecommunications industry averages approximately 1.1.
A. Determine Verizon's fixed asset turnover ratio. (Round to one decimal place.)
B. Interpret this ratio with respect to the industry average.

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Fixed Asset Turnover Ratio
It is the ra...