E8-2 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective LO8-1 The following data were included in a recent Pear Inc. annual report ($ in millions): In millions 2011 2012 2013 2014 Net sales $ 20,915 $ 25,506 $ 33,079 $ 35,437 Net property, plant, and equipment 1,273 1,843 2,944 2,465 Required: 1. Compute Pear's fixed asset turnover ratio for 2012, 2013, and 2014. (Round your final answers to 2 decimal places.)

	2012	2013	2014
Fixed asset turnover ratio