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Compute the fixed asset turnover for each company

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Reference no: EM132682243

Problem - Fixed asset turnover ratio

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

$45,015

$3,740

RadioShack

4,225

312

Required -

a. Compute the fixed asset turnover for each company. Round to two decimal places.

b. Which company uses its fixed assets more efficiently? Explain.

Reference no: EM132682243

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