Texas Instruments (TI) designs and manufactures semiconductor products for use in com-puters, 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. The table below presents selected data for TI and HP for three recent years. Year 3 Year 2 Year 1 Texas Instruments Sales $12,501 $13,835 $14,255 Cost of goods sold 6,256 5,432 5,775 Capital expenditures 763 686 1,272 3,457 3.780 3,925 Average fixed assets Percentage fixed assets depreciated 54.9% 52.3% 49.0% Percentage change in sales (9.6% (3.0)% 6.4% Hewlett-Packard Sales $114,552 $104,286 $118,364 87,065 86,351 76,965 3,695 2,990 3,040 Cost of goods sold Capital expenditures Average fixed assets Percentage fixed assets depreciated Percentage change in sales 11,050 9,318 7,331 74.7% 72.4% 87% (3.29% 13.5% 13.8% REQUIRED a Compute the fixed assets turnover for each firm for Years 1, 2, and 3. Capital expenditures 763 686 1,272 Average fixed assets 3,457 3.780 3.925 54.9% $2.3% 49.0% Percentage fixed assets depreciated Percentage change in sales Hewlett-Packard (9.6% (3.0)% 6.4% Sales $114,552 $118,364 $104,286 Cost of goods sold 86,351 87,065 76,965 3,695 2,990 3,040 11,050 9,318 7,331 Capital expenditures Average fixed assets Percentage fixed assets depreciated Percentage change in sales 74.7% 72.4% 87% (3.29% 13.5% 13.8% REQUIRED a Compute the fixed assets turnover for each firm for Years 1, 2 and 3. b. Suggest reasons for the differences in the fixed assets turnovers of TI and HPI c. Suggest reasons for the changes in the fixed assets turnovers of TI and HP during the three-year period