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The following data were included in a recent Apple Inc. annual report ($ in millions): In millions 2008 2009 2010 2011 Net sales $ 19,815
The following data were included in a recent Apple Inc. annual report ($ in millions): |
In millions | 2008 | 2009 | 2010 | 2011 | ||||
Net sales | $ | 19,815 | $ | 25,206 | $ | 33,179 | $ | 35,837 |
Net property, plant, and equipment | 1,282 | 1,846 | 2,950 | 2,457 | ||||
Required: | |
1. | Compute Apple's fixed asset turnover ratio for 2009, 2010, and 2011. (Round your final answers to 2 decimal places.) |
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