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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
Balance sheets
Property, plant, and equipment (net) $ 462 $ 525
Income statement
Net sales for 2017 $ 5,030

Required: 1. Calculate the companys 2017 fixed-asset turnover ratio. (Enter your answers in millions rounded to one decimal place.)

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