Question
What is the fixed asset turnover of Y2008 for a 731-room downtown hotel that recorded total revenues of $34,076,753 in Y2008 and $35,650,873 in Y2007?
What is the fixed asset turnover of Y2008 for a 731-room downtown hotel that recorded total revenues of $34,076,753 in Y2008 and $35,650,873 in Y2007? The property on its balance sheet had fixed assets in Y2008 of $26,800,000 and $22,750,000 in Y2007.
Round your answer to two decimal points.
Fixed asset turnover = ___ times.
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Cost Accounting
Authors: Mark Lee Inman
1st Edition
0434908304, 9780434908301
