Question
Compare the asset turnover ratios of Alphabet Inc. (Google) and Facebook, Inc. based on the following financial data: Item Alphabet Inc. (Google) Facebook, Inc. Net
Compare the asset turnover ratios of Alphabet Inc. (Google) and Facebook, Inc. based on the following financial data:
Item | Alphabet Inc. (Google) | Facebook, Inc. |
Net Sales Revenue | $20,000,000 | $15,000,000 |
Average Total Assets | $40,000,000 | $30,000,000 |
Question:
Which company has a higher asset turnover ratio? Calculate the asset turnover ratio for each company and compare.
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Financial Statement Analysis
Authors: John J Wild, K. R. Subramanyam, Robert F. Halsey
9th Edition
0073100234, 978-0073100234
