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Category > Accounting Posted 12 Oct 2017 My Price 5.00

ACC 308 Intermediate Acct II Week 2 2-1 Discussion Fixed Asset Turnover Ratio Bed Bath & Beyond, Inc.

Bed Bath & Beyond is a leading retailer of domestic merchandise and home furnishings. The company's 2011 fixed-asset turnover ratio, using the average book value of property, plant, and equipment (PP&E) as the denominator, was approximately 7.8355. Additional information taken from the company's 2011 annual report is as follows: ($ in thousands)

Book value of PP&E-beginning of 2011                                        $1,119,292
Purchases of PP&E during 2011                                                   $183,474
Depreciation of PP&E for 2011                                                      $183,820
Equipment having a book value of $2,649 thousand was sold during 2011.

How is the fixed-asset turnover ratio computed? Discuss how you would interpret Bed Bath & Beyond's ratio of 7.8355?

Use the data to determine Bed Bath & Beyond's net sales for 2011.

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SmartExpert
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Status NEW Posted 12 Oct 2017 06:10 AM My Price 5.00

ACC----------- 30-----------8 I-----------nte-----------rme-----------dia-----------te -----------Acc-----------t I-----------I W-----------eek----------- 2 -----------2-1----------- Di-----------scu-----------ssi-----------on -----------Fix-----------ed -----------Ass-----------et -----------Tur-----------nov-----------er -----------Rat-----------io -----------Bed----------- Ba-----------th -----------&am-----------p; -----------Bey-----------ond-----------, I-----------nc.-----------

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1507789416-ACC 308 Intermediate Acct II Week 2 2-1 Discussion Fixed Asset Turnover Ratio Bed Bath Beyond Incdocx
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