E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7]

The following data were included in a recent Papaya Inc. annual report (in millions):

		2010		2011		2012		2013
Net revenue		$77,225		$128,119		$179,500		$183,910
Net property, plant, and equipment		4,910		8,880		15,570		15,400

Required:

1.	Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

Year 2011 2012 2013 Fixed Asset Turnover Ratio