For each company determine the fixed asset turnover ratio, Corporate Finance

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For each company determine the fixed asset turnover ratio

The following table shows the revenues and average net fixed assets for a recent fiscal year for three different companies from three different industries: retailing, manufacturing, and communications.

	Revenues (in millions)	Average Net Fixed Assets(in millions)
Wal-Mart	$258,681	$51,686
Alcoa Inc.	21,504	12,333
Comcast Corp.	18,348	18,427

a. For each company, determine the fixed asset turnover ratio. Round to two decimal places.

b. Explain Wal-Mart's ratio relative to the other two companies.

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Corporate Finance: For each company determine the fixed asset turnover ratio

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Corporate Finance: For each company determine the fixed asset turnover ratio

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