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Assume the following data were included in a recent Apple Inc. annual report (in millions): Net sales Net property, plant, and equipment 2017 $15,731 637

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Assume the following data were included in a recent Apple Inc. annual report (in millions): Net sales Net property, plant, and equipment 2017 $15,731 637 2018 $21,115 1, 101 2019 $25,806 1,652 2020 $34, 279 2,275 Required: 1. Compute Apple's 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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