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Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in millions):
2020 | 2019 | |
---|---|---|
Balance sheets | ||
Property, plant, and equipment (net) | $ 1,674 | $ 1,404 |
Income statement | ||
Net sales for 2020 | $ 10,918 |
Required:
1. Calculate the companys 2020 fixed-asset turnover ratio.
Note: Enter your answers in millions of dollars.
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