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Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2016 financial statements ($ in millions): 2016 2015
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2016 financial statements ($ in millions): 2016 2015 $ 466 $ 557 Balance sheets Property, plant, and equipment (net) Income statement Net sales for 2016 $ 5,010 Required: 1. Calculate the company's 2016 fixed-asset turnover ratio. (Enter your answers in millions rounded to one decimal place.) Choose Numerator: Current assets Fixed-asset Turnover Ratio 1 Choose Denominator: = Fixed-asset Turnover Ratio / = Fixed-asset Turnover Ratio 1 0 times
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