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		2015		2016		2017
Net sales	$	19,815	$	24,206	$	34,479	$	34,937
Net property, plant, and equipment		1,286		1,850		2,942		2,474

Required:

1. Compute Mangos fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)