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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 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.
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.
Explanation
Verified
Verified
Fixed Asset Turnover Ratio
It is the ra...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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