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Brief Exercise 10-9 (Algo) Fixed-asset turnover ratio [LO10-5] Huebert Corporation and Winslow Corporation reported the following information: ($ in millions) Property, plant, and equipment (net)
Brief Exercise 10-9 (Algo) Fixed-asset turnover ratio [LO10-5] Huebert Corporation and Winslow Corporation reported the following information: ($ in millions) Property, plant, and equipment (net) Net sales-2021 Huebert Fixed-asset turnover ratio Most efficient at using fixed assets to generate sales: 2021 $330 $2,810 Winslow 2020 2021 $340 $800 Huebert $6,000 Calculate each company's fixed-asset turnover ratio and determine which company utilizes its fixed assets most efficiently to generate sales. (Round your answers to two decimal places.) 2020 $780 Winslow
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