Trying to figure out the total fixed assets?

Question

I am trying to figure out the total fixed assets so that I can figure the fixed asset turnover ratio.  I am using the Income and Balance sheet for SHLD or Sears.  Here is the link to both the balance sheet and the income statement.

Income Statement
http://finance.yahoo.com/q/is?s=SHLD&annual

Balance Sheet
http://finance.yahoo.com/q/bs?s=SHLD&annual

Now I understand a fixed asset to be property plant equipmet or some type of tangible asset.  So if I take the sales from the income statement from the 1st colum I would divide that by the fixed assets.  However on the balance sheet there is the Property/Plant/Equipment amount and then at the bottom of the sheet there is Net Tangible assets.  So my is which one do I use for fixed assets?

Spartacus · Accepted Answer

You would use the Property/Plant/Equipment amount.  

I can't tell exactly what they're using to calculate "Net Tangible Assets", but for purposes of figuring out fixed asset turnover ratio, you wouldn't be interested in "Net Tangible Assets".  That number would include other tangible assets like inventory, which is not relevant to the calculation you're performing.

Anonymous · Answer

so there's this thing...
maybe you've heared of it...

communism?

Trying to figure out the total fixed assets?

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