The Fixed asset turnover Ratio(FATO) measures the efficiency of a company using fixed assets.

 

 All figures are in thousands TickerSymbol: BACompany: THE BOEING COMPANY Statement Date:12/31/17Sales:$93,392,000 Beginning Property, Plant and Equipment:$12,807,000EndingProperty, Plant and Equipment:$12,672,000 Grade Averag eProperty, Plant and Equipment:0 Fixed AssetTurnoverRatio(answer 0format9.99)0Tolerance:+/-.05Fixed Asset TurnoverRatio=Sales/Average PPE We would like the Fixed Asset Turnover Ratio to be as HIGH as possible.The companies chosen for this lesson are large American companies engaged in aviation, missile defense systems, space, defense, and electronic warfare.