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The following data were included in a recent Apple Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue $ 170,910 $ 182,795 $
The following data were included in a recent Apple Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue $ 170,910 $ 182,795 $ 233,715 $ 215,640 Net property, plant, and equipment 16,600 20,624 22,471 27,010 Required: Compute Apple's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
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