Average Book Sales (in Value of Fixed Assets Company (Industry) millions) (in millions) Comcast Corporation (communications) $64,657 $28,536 Google Inc. (Internet) 59,825 14,189 Walmart Stores, Inc. (retail) 474,259 117,294 a. For each company, determine the fixed asset turnover ratio. (Round to one decimal place.) Comcast: Google: Walmart:
Average Book Sales (in Value of Fixed Assets Company (Industry) millions) (in millions) Comcast Corporation (communications) $64,657 $28,536 Google Inc. (Internet) 59,825 14,189 Walmart Stores, Inc. (retail) 474,259 117,294 a. For each company, determine the fixed asset turnover ratio. (Round to one decimal place.) Comcast: Google: Walmart:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Comcast, Google, and Walmart: Fixed asset turnover ratio
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:
Average Book
Sales (in Value of Fixed Assets
Company (Industry)
millions) (in millions)
Comcast Corporation (communications)
$64,657
$28,536
Google Inc. (Internet)
59,825
14,189
Walmart Stores, Inc. (retail)
474,259
117,294
a. For each company, determine the fixed asset turnover ratio. (Round to one decimal place.)
Comcast:
Google:
Walmart:
b. Which of these statements are correct?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f2f31bb-76ab-4f91-8a74-15b6633e1417%2F78215be2-4561-4c37-8c14-f1702b0675d8%2Fl9v5mv_processed.png&w=3840&q=75)
Transcribed Image Text:Comcast, Google, and Walmart: Fixed asset turnover ratio
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:
Average Book
Sales (in Value of Fixed Assets
Company (Industry)
millions) (in millions)
Comcast Corporation (communications)
$64,657
$28,536
Google Inc. (Internet)
59,825
14,189
Walmart Stores, Inc. (retail)
474,259
117,294
a. For each company, determine the fixed asset turnover ratio. (Round to one decimal place.)
Comcast:
Google:
Walmart:
b. Which of these statements are correct?
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