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The following data were included in a recent Apple Inc. annual report ($ in millions): In millions 2011 2012 2013 2014 Net sales $ 108,249

The following data were included in a recent Apple Inc. annual report ($ in millions):

In millions 2011 2012 2013 2014
Net sales $ 108,249 $ 156,508 $ 170,910 $ 182,795
Net property, plant, and equipment 7,777 15,452 16,597 20,624

Required:

1. Compute Apple's fixed asset turnover ratio for 2012, 2013, and 2014. (Round your final answers to 2 decimal places.)

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