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URL:  https://boards.fool.com/help-with-axp-asset-turnover-12842319.aspx

Subject:  Help With AXP Asset Turnover Date:  7/3/2000  5:52 PM
Author:  JediPhool Number:  6605 of 8329

In an effort to learn how to apply the Finance King Criteria, I have been going through the very helpful AXP example provided by TMF Grape (http://www.fool.com/portfolios/rulemaker/2000/rulemaker000310.htm). When I tried to duplicate his Asset Turnover calculation, I ran into a problem. He states that dividing AmEx's Revenues of $5,311M by its Total Assets of $132,616 yields an Asset Turnover ratio of 16%. However, dividing 5,311 by 132,616 equals 4%. Am I missing something?

Thanks very much,
Irv
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