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The following data were included in a recent Apple Inc. annual report (in millions): 2010 2011 2012 2013 $65,225 $108,249 $156,500 $170,910 Net revenue Net
The following data were included in a recent Apple Inc. annual report (in millions): 2010 2011 2012 2013 $65,225 $108,249 $156,500 $170,910 Net revenue Net property, plant, and equipment 4,768 7,777 15,450 16,600 Required . Compute Apple's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Year Fixed Asset Turnover Ratio 2011 2012 2013 2. During 2013, Microsoft reported a fixed asset turnover ratio of 8.5. Was Apple's turnover better or worse than Microsoft's in that year? O Better O Worse
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