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.)