home / study / business / accounting / questions and answers / bed bath & beyond is a leading retailer of domestic ... Question: Bed Bath & Beyond is a leading retailer of dom... Bed Bath & Beyond is a leading retailer of domestic merchandise and home furnishings. The company's 2011 fixed-asset turnover ratio, using the average book value of property, plant, and equipment (PP&E) as the denominator, was approximately 7.8355. Additional information taken from the company's 2011 annual report is as follows: ($ in thousands) Book value of PP&E-beginning of 2011 $1,119,292 Purchases of PP&E during 2011 $183,474 Depreciation of PP&E for 2011 $183,820 Equipment having a book value of $2,649 thousand was sold during 2011. How is the fixed-asset turnover ratio computed? Discuss how you would interpret Bed Bath & Beyond's ratio of 7.8355? Use the data to determine Bed Bath & Beyond's net sales for 2011.