Financial & Managerial Accounting

14th Edition

ISBN: 9781337515498

Author: WARREN

Publisher: Cengage

See similar textbooks

Videos

Textbook Question

Chapter 9, Problem 4ADM

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:

Company (Industry)	Sales (in millions)	Average Book Value of Fixed Assets (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.)
B. Explain Comcast’s fixed asset turnover ratio relative to the other two companies.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 9, Problem 3ADM

Chapter 9, Problem 9.1TIF

Students have asked these similar questions

GENERAL ACCOUNT

Target net income during 2020??

Hello ticher please provide correct answer this question general Accounting

Chapter 9 Solutions

Financial & Managerial Accounting

Ch. 9 - ONeil Office Supplies has a fleet of automobiles...Ch. 9 - Prob. 2DQ Ch. 9 - Prob. 3DQ Ch. 9 - Distinguish between the accounting for capital...Ch. 9 - Immediately after a used truck is acquired, a new...Ch. 9 - Keyser Company purchased a machine that has a...Ch. 9 - Is it necessary for a business to use the same...Ch. 9 - A. Under what conditions is the use of an...Ch. 9 - For some of the fixed assets of a business, the...Ch. 9 - A. Over what period of time should the cost of a...

Ch. 9 - Straight-line depreciation A building acquired at...Ch. 9 - Units-of-activity depreciation A truck acquired at...Ch. 9 - Double-declining-balance depreciation A building...Ch. 9 - Revision of depreciation Equipment with a cost of...Ch. 9 - Capital and revenue expenditures On February 14,...Ch. 9 - Sale of equipment Equipment was acquired at the...Ch. 9 - Prob. 9.7BE Ch. 9 - Prob. 9.8BE Ch. 9 - Costs of acquiring fixed assets Melinda Staffers...Ch. 9 - Prob. 9.2EX Ch. 9 - Prob. 9.3EX Ch. 9 - Nature of depreciation Tri-City Ironworks Co....Ch. 9 - Straight-line depreciation rates Convert each of...Ch. 9 - Straight-line depreciation A refrigerator used by...Ch. 9 - Depreciation by units-of-activity method A...Ch. 9 - Depreciation by units-of-activity method Prior to...Ch. 9 - Depreciation by two methods A Kubota tractor...Ch. 9 - Depreciation by two methods A storage tank...Ch. 9 - Partial-year depreciation Equipment acquired at a...Ch. 9 - Revision of depreciation A building with a cost of...Ch. 9 - Prob. 9.13EX Ch. 9 - Capital and revenue expenditures Jackie Fox owns...Ch. 9 - Capital and revenue expenditures Quality Move...Ch. 9 - Prob. 9.16EX Ch. 9 - Entries for sale of fixed asset Equipment acquired...Ch. 9 - Prob. 9.18EX Ch. 9 - Depletion entries Alaska Mining Co. acquired...Ch. 9 - Prob. 9.20EX Ch. 9 - Prob. 9.21EX Ch. 9 - Balance sheet presentation List the errors you...Ch. 9 - Asset traded for similar asset A printing press...Ch. 9 - Prob. 9.24EX Ch. 9 - Prob. 9.25EX Ch. 9 - Entries for trade of fixed asset On October 1,...Ch. 9 - Prob. 9.1APR Ch. 9 - Comparing three depreciation methods Dexter...Ch. 9 - Depreciation by three methods; partial years...Ch. 9 - Depreciation by two methods; sale of fixed asset...Ch. 9 - Prob. 9.5APR Ch. 9 - Amortization and depletion entries Data related to...Ch. 9 - Allocating payments and receipts to fixed asset...Ch. 9 - Prob. 9.2BPR Ch. 9 - Prob. 9.3BPR Ch. 9 - Prob. 9.4BPR Ch. 9 - Transactions for fixed assets, including sale The...Ch. 9 - Amortization and depletion entries Data related to...Ch. 9 - Continuing Company AnalysisAmazon: Fixed asset...Ch. 9 - Verizon: Fixed asset turnover ratio Verizon...Ch. 9 - FedEx and UPS: Fixed asset turnover ratio FedEx...Ch. 9 - Comcast, Google, and Walmart: Fixed asset turnover...Ch. 9 - Ethics in Action Hard Bodies Co. is a fitness...Ch. 9 - Communication Godwin Co. owns three delivery...

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.