The following information is available for Coca-Cola and PepsiCo: $$\begin{array} { l r r }
& \text { Coca-Cola } & \text { PepsiCo } \
\text { Net fixed assets (beginning of year) } & \$ 4,168 & \$ 5,266 \
\text { Net fixed assets (end of year) } & 4,435 & 5,438 \
\text { Net sales for the year } & 19,889 & 20,438 \
\text { Net income for the year } & 2,177 & 2,183
\end{array}$$ Required:
Compute the fixed asset turnover ratio for both Coca Cola and PepsiCo. Round your answers to two decimal places.

Question

The following information is available for Coca-Cola and PepsiCo: $$\begin{array} { l r r } 
& \text { Coca-Cola } & \text { PepsiCo } \
\text { Net fixed assets (beginning of year) } & \$ 4,168 & \$ 5,266 \
\text { Net fixed assets (end of year) } & 4,435 & 5,438 \
\text { Net sales for the year } & 19,889 & 20,438 \
\text { Net income for the year } & 2,177 & 2,183
\end{array}$$ Required:
Compute the fixed asset turnover ratio for both Coca Cola and PepsiCo. Round your answers to two decimal places.

Quizplus · Accepted Answer

The Answer of The following information is available for Coca-Cola and PepsiCo: $$\begin{array} { l r r } 
& \text { Coca-Cola } & \text { PepsiCo } \
\text { Net fixed assets (beginning of year) } & \$ 4,168 & \$ 5,266 \
\text { Net fixed assets (end of year) } & 4,435 & 5,438 \
\text { Net sales for the year } & 19,889 & 20,438 \
\text { Net income for the year } & 2,177 & 2,183
\end{array}$$ Required:
Compute the fixed asset turnover ratio for both Coca Cola and PepsiCo. Round your answers to two decimal places.

The Following Information Is Available for Coca-Cola and PepsiCo Required: Compute the Fixed Asset Turnover Ratio for Both Coca

The Following Information Is Available for Coca-Cola and PepsiCo Required:
Compute the Fixed Asset Turnover Ratio for Both Coca