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E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective LO8-1 The following data were included in a recent Mango,
E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective LO8-1 The following data were included in a recent Mango, Inc. annual report ($ in millions): In millions 2014 Net sales $ 20,815 Net property, plant, and equipment 1,289 2015 $ 24,006 1,832 2016 $ 32,779 2017 2,944 $ 34,837 2,462 Required: 1. Compute Mango's fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) 2015 2016 2017 Fixed asset turnover ratio
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