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2. Assume Intel Corporation (INTC) and Texas Instruments (TXN) report the following information. Texas Instruments PPE, net ($ millions) 2015 2016 Sales $34,209 38,826 Intel
2. Assume Intel Corporation (INTC) and Texas Instruments (TXN) report the following information. Texas Instruments PPE, net ($ millions) 2015 2016 Sales $34,209 38,826 Intel Corp PPE, net $15,768 17,111 Sales $12,580 13,392 Compute the 2016 PPE turnover for both companies. a. INTC: 2.27 b. INTC: 2.17 TXN: 3.21 INTC: 2.50 TXN: 3.50 C. d. INTC: 2.36 TXN: 3.43 TXN: 3.44 $3,918 3,899
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