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Texas Instruments (TI) designs and manufactures semiconductor products for use in computers, telecommunications equipment, automobiles, and other electronics based products. The manufacturing of semiconductors is

Texas Instruments (TI) designs and manufactures semiconductor products for use in computers, telecommunications equipment, automobiles, and other electronics based products. The manufacturing of semiconductors is highly capital intensive. Hewlett-Packard Corporation (HP) manufactures computer hardware and various imaging products, such as printers and fax machines. HP outsources the manufacture of a portion of the components for its products. Base your answers on the following information.

Year 11 Year 10 Year 9
Texas Instruments
Sales $8,201 $11,860 $9,468
Cost of Goods Sold 5,577 6,065 4,900
Capital Expenditures 1,790 2,762 1,373
Average Fixed Assets 5,518 4,641 3,604
Percentage Fixed Assets Depreciated 42.3% 40.0% 46.1%
Percentage Change in Sales -30.9% 25.3% 11.9%
Cost of Goods Sold as a Percentage of Sales 68.0% 51.1% 51.8%
Hewlett-Packard
Sales $45,226 $48,782 $42,370
Cost of Goods Sold 33,474 34,864 29,720
Capital Expenditures 1,527 1,737 1,134
Average Fixed Assets 4,449 4,417 5,346
Percentage Fixed Assets Depreciated 55.0% 52.7% 51.4%
Percentage Change in Sales -7.3% 15.1% -10.0%
Cost of Goods Sold as a Percentage of Sales 74.0% 71.5% 70.1%

Fixed asset turnover for TI for Year 10 equals ________

Fixed asset turnover for TI for Year 11 equals ________

Fixed asset turnover for HP for Year 10 equals ________

Fixed asset turnover for HP for Year 11 equals ________

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