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Fixed Asset Turnover Ratio; Cisco Cisco System reported the following information in its 2009 financial statements ($ in millions): 2009 2008 Balance sheets Property, plant,

Fixed Asset Turnover Ratio; Cisco Cisco System reported the following information in its 2009 financial statements ($ in millions): 2009 2008 Balance sheets Property, plant, and equipment (net) $4,043 $4,151 Income statement Net sales for 2009; $36,117 Calculate Cisco's 2009 fixed-asset turnover ratio and discuss how you would interpret this ratio

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