How is fixed asset turnover calculated, and what does the resulting ratio value mean? Discuss.
Question:
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Fixed asset turnover is computed as sal...View the full answer
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Muhammad Umair
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Related Book For 
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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