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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 $14,131 797 2018 $19,515 1,261 2019 $24,206 2020 $32,679 1,812 2,435 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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