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Aviatrix Cloud Network, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year
Aviatrix Cloud Network, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in millions): 2020 2019 Balance sheets Property, plant, and equipment (net). $ 494 $ 605 Income statement Net sales for 2020 $ 5,190 Required: 1. Calculate the company's 2020 fixed-asset turnover ratio. Note: Enter your answers in millions rounded to one decimal place. Choose Numerator: Fixed-asset Turnover Ratio Choose Denominator: Fixed-asset Turnover Ratio Fixed-asset Turnover Ratio times
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