Fixed Asset Turnover Ratio

The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Eastern Company and Western, Inc.:

			Average Net
	Revenue		Fixed Assets
Eastern Company	45,859		3,828
Western, Inc.	16,167		1,187

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

Eastern Company
Western, Inc.

b. Which company uses its fixed assets more efficiently?

A higher ratio means that there is ______