(Solution) - Verizon Communications Inc is a major telecommunications compan -(2025 Original AI-Free Solution)

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Verizon Communications Inc. is a major telecommunications company in the United States. Verizon?s balance sheet disclosed the following information regarding fixed assets:

Verizon?s revenue for 2004 was $71,283 million. The fixed asset turnover for the telecommunications industry averages 1.10.
a. Determine Verizon?s fixed asset turnover ratio.
b. Interpret Verizon?s fixed asset turnoverratio.