Solution-Determine verizons fixed asset turnover ratio

Determine verizons fixed asset turnover ratio

Assignment Help Cost Accounting

Reference no: EM13533324

Fixed asset turnover ratio

Verizon Communications is a major telecommunications company in the United States.

Verizon's balance sheet disclosed the following information regarding fixed assets:

	Dec. 31, 2009 (in millions)	Dec. 31, 2008 (in millions)
Plant, property, and equipment	$228,518	$215,605
Less accumulated depreciation	137,052	129,059
	$ 91,466	$ 86,546

Verizon's revenue for 2009 was $107,808 million. The fixed asset turnover for the telecommunications industry averages 1.10.

a. Determine Verizon's fixed asset turnover ratio. Round to two decimal places.

b. Interpret Verizon's fixed asset turnover ratio.

Reference no: EM13533324

Questions Cloud

Determine the amount of depletion expense : Determine the depletion rate and determine the amount of depletion expense for the current year.

Explain the molecular mass of the compound : At 21.0 C, a solution of 18.26 g of a nonvolatile, nonpolar compound in 33.25 g ethyl bromide, C2H5Br, has a vapor pressure of 336 torr. The vapor pressure of pure ethyl bromide at this temperature is 400 torr. What is the molecular mass of the co..

Journalize the adjusting entry on december : Journalize the adjusting entry on December 31 for the impaired goodwill. b. Journalize the adjusting entry on December 31 for the amortization of the patent rights.

Explain what is the maximum mass of sorbitol : At -12.0^degrees C (a common temperature for household freezers), what is the maximum mass of sorbitol (C6H14O6) you can add to 1.00 kg of pure water and still have the solution freeze? Assume that sorbitol is a molecular solid and does not ionize..

Determine verizons fixed asset turnover ratio : Determine Verizons fixed asset turnover ratio and interpret Verizon's fixed asset turnover ratio.

Explain what substance is formed from the reaction : If the formation of a Grignard reagent does not begin spontaneously when Mg metal and a solution of an alkyl halide in ether are mixed, one sometimes adds a small amount of iodine to the flask. What substance is formed from the reaction of iodine ..

Journalize the entry to record the sale : Assuming that the equipment had been sold on January 9, 2012, for $310,000 instead of $290,000, journalize the entry to record the sale.

Explain cao can be used as a drying agent : CaO can be used as a drying agent. One such application occurs when water is added to dry concrete or cement. The reaction that occurs is Substance CaO(s) + H2O(l) = Ca(OH)2(s)

Find the magnitude and direction of the net force on the car : A 1550 kg car drives around a flat 200 m diameter circular track at 30 m/s. What is the magnitude and direction of the net force on the car

User Account

All Pages

Determine verizons fixed asset turnover ratio

Reference no: EM13533324

Reference no: EM13533324

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT