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The following data were included in a recent Apple Incorporated annual report ($ in millions): In millions Net sales Net property, plant, and equipment Required:
The following data were included in a recent Apple Incorporated annual report ($ in millions): In millions Net sales Net property, plant, and equipment Required: Compute Apple's fixed asset turnover ratio for 2018, 2019, and 2020. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. X Answer is complete but not entirely correct. Fixed asset turnover ratio 2018 2017 2018 2019 $ 229,234 $ 265,595 $ 260,174 33,783 41,304 37,378 6.43 X 2019 6.96 X 2020 2020 $ 274,515 36,766 7.47
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