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Fixed Asset Turnover Ratio for General Motors Company : a. Calculate the fixed asset turnover ratio for General Motors Company in the fiscal year 2023.
- ยทFixed Asset Turnover Ratio for General Motors Company: a. Calculate the fixed asset turnover ratio for General Motors Company in the fiscal year 2023. Given: Net Sales - $150 billion, Average Fixed Assets - $60 billion. b. Interpret the fixed asset turnover ratio and assess its effectiveness in measuring General Motors' asset utilization. c. Compare General Motors' fixed asset turnover ratio with its competitors and evaluate its operational efficiency.
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