Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its
Question:
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in millions):
Required:
1. Calculate the company’s 2020 fixed-asset turnover ratio.
2. How would you interpret this ratio?
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Requirement 1 in thousands Average PPE for 2020 1674 1404 2 1539 Net sales ...View the full answer
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