Question
The following table shows the sales and average book value of fixed assets for three different companies from three different industries for a recent year:
The following table shows the sales and average book value of fixed assets for three different companies from three different industries for a recent year:
| Company (Industry) | Sales (in millions) | Average Book Value of Fixed Assets (in millions) | ||||
| Alphabet (Google) Inc. (Internet) | $ 74,989 | $ 26,450 | ||||
| Comcast Corporation (communications) | 74,510 | 32,309 | ||||
| Wal-Mart Stores, Inc. (retail) | 485,651 | 117,281 | ||||
a. For each company, determine the fixed asset turnover ratio. Round to one decimal place.
| Company (Industry) | Fixed Asset Turnover Ratio | ||
| Alphabet (Google) Inc. | |||
| Comcast | |||
| Wal-Mart | |||
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Construction Contractors AICPA Audit And Accounting Guide
Authors: American Institute Of CPAs
1st Edition
0870519751, 978-0870519758
