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Fixed Asset Turnover Ratio Amazon.com, Inc. is the world's leading Internet retailer of merchandise and media. Amazon also designs and sells electronic products, such
Fixed Asset Turnover Ratio Amazon.com, Inc. is the world's leading Internet retailer of merchandise and media. Amazon also designs and sells electronic products, such as e-readers. Netflix, Inc. is the world's leading Internet television network. Both companies compete in the digital media and streaming space. However, Netflix is more narrowly focused in the digital streaming business than is Amazon. Sales and average book value of fixed assets information (in millions) are provided for Amazon and Netflix for a recent year as follows: Sales Average book value of fixed assets Amazon Netflix $232,887 $15,794 55,332 369 a. Compute the fixed asset turnover ratio for each company. Round to one decimal place. Amazon Netflix Fixed Asset Turnover Ratio
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