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E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7] The following data were included in a recent

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E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7] The following data were included in a recent Robinson Manufacturing annual report (in millions): requirea: 1. Compute Robinson's fixed asset turnover ratio for 2016,2017 , and 2018. 2. During 2018, Mellow reported a fxed asset turnover ratio of 10.0 . Was Robinson's turnover better or worse than Mellow's. In that year? Complete this question by entering your answers in the tabs below. Compute Robinson's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

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