Cisco Systems, Inc., reported the following information in its 2009 financial statements ($ in millions): Required: 1.

Question:

Cisco Systems, Inc., reported the following information in its 2009 ($ in millions):

Required:
1. Calculate Cisco's 2009 fixed-asset turnover ratio.
2. How would you interpret thisratio?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...