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The following data were disclosed in the annual reports of Apple Inc., which designs, manufactures and markets mobile communication and media devices, personal computers and

The following data were disclosed in the annual reports of Apple Inc., which designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. Its products include Mac, iPod, iPhone and iPad, among others.
(in millions of U.S. dollars)20212020201920182017
Net sales $ 365,817 $ 274,515 $ 260,174 $ 265,595 $ 229,234
Net property, plant and equipment 39,44036,76637,37841,30433,783
Required:
1. Compute Apples fixed asset turnover ratio for the four years 2021 through 2018.(Do not round intermediate calculations. Enter your answers in numbers and not in percentages. Round the final answers to 2 decimal places.)
2. This part of the question is not part of your Connect assignment.

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