Question
The following data were included in a recent Apple Inc. annual report ($ in millions): In millions 2011 2012 2013 2014 Net sales $ 108,249
The following data were included in a recent Apple Inc. annual report ($ in millions):
| In millions | 2011 | 2012 | 2013 | 2014 | ||||
| Net sales | $ | 108,249 | $ | 156,508 | $ | 170,910 | $ | 182,795 |
| Net property, plant, and equipment | 7,777 | 15,452 | 16,597 | 20,624 | ||||
Compute Apple's fixed asset turnover ratio for 2012, 2013, and 2014. (Round your final answers to 2 decimal places.)
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Average assets 15452777721161450 2012 Sales fixed assets156508116...
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
