o 2. ngageron.com - Como-Cutik Carrow. Online acting and are Chapter 10 Homework Bock 1. EX.10.00 2 EX.10.06 ---- 3. EX.10.00 4. EX.10.15 5. EX.10.18 Fixed Asset Turnover Ratio FedEx Corporation and United Parcel Service, Inc. compete in the packape delivery business. The major fixed sets for each business indude srcraft, sorting and handing facilities, delivery vehicles and information technology. The sales and average book value of feed assets reported on recent financial statements for each company were as follows: Fedt UPS Sales in millions) $71,061 Average book value of feed assets (in milions) 27,068 24,347 a. Compute the edumeer rotile for each company Round to one decimal place Fixed Asset Turnover Ratio FedEx UPS EX.10.20 1. Which company es more efficient in using wees UPS c. The feed asetturnover is a measure of how efficienty revenue generated from underlying wedssets. UPS is making a more efficient use of its fred Consider the ratio components and what is reflected in the rate. The fixed asset turnover ratio measures the number of dollars of sales earned per dollar of fixed wo. Recall that the higher the feed tumever, the more efficiently company is using its freds in generating sales Progress Home Check My Work Al ved Sere and more Gray