The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal

Question:

The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Best Buy and RadioShack:
____________________Revenue _______Average Net Fixed Assets
Best Buy .................. $50,705 .............................. $3,647
RadioShack .................. 4,258 .................................. 255
a. Compute the fixed for each company. Round to two decimal places.
b. Which company uses its fixed assets more efficiently? Explain.
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.