Question: The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Best Buy and Radio Shack: a.

The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Best Buy and Radio Shack:

Average Net Fixed Assets Revenue Best Buy $45,015 $3,740 312 RadioShack

a. Compute the fixed asset turnover for each company. Round to two decimal places.
b. Which company uses its fixed assets more efficiently? Explain.

Average Net Fixed Assets Revenue Best Buy $45,015 $3,740 312 RadioShack

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