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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 $15,231 687
Assume the following data were included in a recent Apple Inc. annual report (in millions): Net sales Net property, plant, and equipment 2017 $15,231 687 2018 $20,615 1,151 2019 $25,306 1,702 2020 $33,779 2,325 Required: 1. Compute Apple's fixed asset turnover ratio for 2018, 2019, and 2020. (Round your answers to 1 decimal place.) Year Fixed Asset Tumover Ratio 2018 2019 2020
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
