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Compute the fixed asset turnover for each company

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Question - Fixed Asset Turnover Ratio

The following table shows the revenue and average net fixed assets (in millions) for a recent fiscal year for Eastern Company and Western, Inc.:

Eastern Company

52,571

4,281

Western, Inc.

19,242

1,327

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

b. Which company uses its fixed assets more efficiently?

Reference no: EM131717881

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