Question
Exercise 10-13 Fixed-asset turnover ratio [LO10-5] Techvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2016 financial
Exercise 10-13 Fixed-asset turnover ratio [LO10-5]
Techvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2016 financial statements ($ in millions):
| 2016 | 2015 | |||||
| Balance sheets | ||||||
| Property, plant, and equipment (net) | $ | 490 | $ | 595 | ||
| Income statement | ||||||
| Net sales for 2016 | $ | 5,170 | ||||
Required: 1. Calculate the companys 2016 fixed-asset turnover ratio
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Emerging Markets And Financial Resilience Decoupling Growth From Turbulence
Authors: C. Hooy, R. Ali, HooyChee-Wooi, S. Ghon Rhee
2nd Edition
1137266600, 9781137266606
