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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 Required: 2017
Assume the following data were included in a recent Apple Inc. annual report (in millions): Net sales Net property, plant, and equipment Required: 2017 $15,431 667 2018 $20,815 1,131 2019 $25,506 1,682 2020 $33,979 2,305 1. Compute Apple's fixed asset turnover ratio for 2018, 2019, and 2020. (Round your answers to 1 decimal place.) Fixed Asset Year Turnover Ratio 2018 2019 2020
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
