The Following Information Was Available for Landmark Restaurants for the Past

question 93

Short Answer

The following information was available for Landmark Restaurants for the past three years.Using this information compute the fixed asset turnover ratio for 2010 and 2009. $$\begin{array} { l r r r } \text { In thousands } &{ 2010 } & { 2009 } & { 2008 } \\\text { Net fixed assets } & \$ 965,575 & \$ 830,930 & \$ 587,829 \\\text { Net sales } & 1,105,755 & 894,795 & 746,642 \\\text { Net income } & 45,901 & 41,522 & 26,920\end{array}$$

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Definitions:

Colostomy

A surgical procedure that brings one end of the large intestine out through the abdominal wall to carry stool out of the body.

Colotomy

A surgical procedure involving the incision into the colon.

Colorrhaphy

A surgical procedure that involves suturing a tear or defect in body tissues.

Colonic

Related to the colon, the final part of the digestive system where water is absorbed and stool is formed.