=+The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal

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=+The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Best Buy and Circuit City Stores, Inc.:

Average Net Revenue Fixed Assets Best Buy 35,934 2,825 Circuit City Stores, Inc. 12,430 880

a. Compute the fixed asset turnover for each company. Round to two decimal places.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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