Chapter 10, Problem 10.16BYP

1.

To determine

To access: The internet.

2.

To determine

To search: HD Incorporation to access 10-K filing for the most recent year.

3. a.

To determine

Fixed Asset turnover:

Fixed asset turnover is a ratio that measures the productive capacity of the fixed assets to generate the sales revenue for the company. Thus, it shows the relationship between the net sales and the average total fixed assets.

Formula: $\text{Fixed asset turnover ratio}=\frac{\text{Net}\text{sales}}{\text{Average total fixed assets}}$

To Name: The different types of assets the company lists in its balance sheet under property, plant, and equipment.