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Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2017 financial statements ($ in millions): 2017 2016
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2017 financial statements ($ in millions): 2017 2016 $ 521 $ 466 Balance sheets Property, plant, and equipment (net) Income statement Net sales for 2017 $6,910 Required: 1. Calculate the company's 2017 fixed-asset turnover ratio. (Enter your answers in millions rounded to one decimal place.) Choose Numerator: Fixed-asset Turnover Ratio 1 Choose Denominator: = Fixed-asset Turnover Ratio | Average PP&E = Fixed-asset Turnover Ratio Net sales O times
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