Question
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
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.) |
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Computer Accounting
Authors: Donna Kay
14th Edition
007762453X, 9780077624538
