Formulas Cover Sheet-Exam 1-Business Finance
Formula: Fixed asset turnover= sale/fixed assets. 2008 Fixed asset turnover = 2628820000/61823000 = 42.522. 2009 Fixed asset turnover = 3156807000/85627000 = 36.867. Analysis: According to the calculations above the productivity of fixed assets in year 2008 is better than it is in current years. In 2008, it was 42.522 times and now it has been ... ................
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