The following Comparative Information has been provided by Claxton Corporation and Rutherford Enterprises: in $000's Rut

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The Following Comparative Information Has Been Provided By Claxton Corporation And Rutherford Enterprises In 000 S Rut 1 (50.54 KiB) Viewed 28 times

The following Comparative Information has been provided by Claxton Corporation and Rutherford Enterprises: in $000's Rutherford Sales Cash Inventory Land Building (net) Machinery (net) Rutherford- 2022 2021 2022 2021 $11,535 $10,432 $21,375 $20,439 450 110 175 159 625 575 872 903 1,050 1,050 3,533 2,990 750 825 2,520 2,100 825 905 1,250 1,010 Required: Calculate the fixed asset turnover in 2022 for both companies. Show your supporting calculations in the workspace below. Claxton = times Claxton times The results indicate that Claxton is generating S is generating $ in in + is using its assets more effectively. + for every $1 in + for every $1 in + whereas Rutherford