The following table shows the sales and average book value of fixed assets for three dif-ferent companies from three different industries for a recent year:Average BookValue of FixedAssets (in millions)Sales (inmillions)Company (Industry)$ 26,450$ 74,989Alphabet (Google) Inc. (Internet)Comcast Corporation (communications)Wal-Mart Stores, Inc. (retail)74,51032,309485,651117,281a. For each company, determine the fixed asset turnover ratio. Round to one decimal place.Explain Comcast's fixed asset turnover ratio relative to the other two companies.b.

a.Calcualte fixed asset turnover ratios:

Answered: The following table shows the sales and…

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter9: Long-term Assets: Fixed And Intangible

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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?
The 2025 Annual Report of Marigold International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (b) June 29, 2025 (c) $1.552 1.091 2,733 150 June 27, 2024 $1.376 1.147 2.845 Compute the following ratios for Marigold International for 2025: 136 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)
A company reports the following: Sales $8,296,860 Average total assets (excluding long-term investments) 1,063,700 Determine the asset turnover ratio. Round your answer to one decimal place.fill in the blank 1
McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two recent years: (amounts are in $ millions) Total assets Net Income SalesYear 1: $33,803.70 $5,192.30 $22,820.40Year 2: $32,811.20 $5,924.30 $21,025.20 What was McDonald’s asset turnover ratio for Year 2?
JPJ Corp has sales of $1.33 million, accounts receivable of $52,000, total assets of $5.05 million (of which $2.88 million are fixed assets), inventory of $153000, and cost of goods sold of $601000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? **round to two decimal places**
McDonald’s Corporation reports total average assets of $28.9 billion and net sales of $20.5 billion.What is the company’s asset turnover? (Round answer to 2 decimal places, e.g. 15.25.)
In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total assets of $44.5 billion, and net sales of $63.4 billion.Compute Target’s asset turnover ratio. (Round answer to 2 decimal places, e.g. 5.60.) Target’s asset turnover ratio enter the target’s asset turnover ratio in number of times rounded to 2 decimal places times
The balance sheet of Huan Corporation reported net fixed assets of $332,000 at the end of 2018. The fixed- asset turnover ratio for 2018 was 4.0, and sales for the year totaled $1,540,000. Net fixed assets at the end of 2017 were: A. $491,000. B. $385,000. C. $438,000 D. $408,000
The 2020 Annual Report of Sheffield International contains the following information. (in millions) Total assets Total liabilities Net sales Net income (a) (b) June 29, 2020 $1,505 (c) 960 2,807 133 Compute the following ratios for Sheffield International for 2020. June 27, 2019 $1,301 1,117 2,934 131 Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) times % %
Suppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of $29.90 billion, ending total assets of $32.25 billion, net sales of $22.60 billion, and net income of $4.80 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent. Net income Gross profit on sales Average total assets Sales Tax rate on operating profit $69,960 $700,400 $360,600 $1,356,504 35% Question 24 options: A) 3.76 B) 5.17 C) 0.27 D) 17.30
EX.17-184.ALGO A company reports the following: Sales Average total assets (excluding long-term investments) Determine the asset turnover ratio. Round your answer to one decimal place. I $7,635,340 1,075,400

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