ocr: FixedAsset Turnover This ratio measures the amount of sales revenue generated from each £ nvested in the fixed asset base of the business. It gives a measure of how ettectively the fixed assets of the business are being deployed. Fixed Asset lurnover Sales Net Book Value ofFixed Assets ):1 For Hove and Barclays, Fixed Asset Turnover (E6,000) a - - - . 2.31:1 £2,600, This tells us that E2.31 of sales revenue is generated for every £1 of fixed assets owned by the business. This provides us with a yardstick for measuring the efficiency of the management team in utilising the fixed assets availabl ...
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