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The following Comparative Information has been provided by Claxton Corporation and Rutherford Enterprises: in $000's Claxton Rutherford 2022 2021 2022 2021 Sales $11,535 $10,432
The following Comparative Information has been provided by Claxton Corporation and Rutherford Enterprises: in $000's Claxton Rutherford 2022 2021 2022 2021 Sales $11,535 $10,432 $21,375 $20,439 Cash 450 110 175 159 Inventory 625 575 872 903 Land 1,050 1,050 3,533 2,990 Building (net) 750 825 2,520 2,100 Machinery (net) 825 905 1,250 1,010 Required: Calculate the fixed asset turnover in 2022 for both companies. Show your supporting calculations in the workspace below. Claxton- Rutherford times times The results indicate that Claxton is generating S in is generating $ in is using its assets more effectively. for every $1 in for every $1 in whereas Rutherford
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