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Assume the following data were included in a recent Apple Inc. annual report (in millions): 2017 2018 2019 2020 Net sales $ 15,131 $ 20,515

Assume the following data were included in a recent Apple Inc. annual report (in millions):

2017 2018 2019 2020
Net sales $ 15,131 $ 20,515 $ 25,206 $ 33,679
Net property, plant, and equipment 697 1,161 1,712 2,335

Required: 1. Compute Apples fixed asset turnover ratio for 2018, 2019, and 2020. (Round your answers to 1 decimal place.)

Year Fixed Asset Turnover Ratio
2018
2019
2020

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