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The following data were included in a recent Apple Incorporated annual report (in millions): 2015 2016 2017 2012 Net revenue $ 233,715 $ 215, 640

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The following data were included in a recent Apple Incorporated annual report (in millions): 2015 2016 2017 2012 Net revenue $ 233,715 $ 215, 640 $ 229, 230 $ 265,600 Net property, plant, and equipment 22,471 27,010 33,780 41,300 Required: 1. Compute Apple's fixed asset turnover ratio for 2016, 2017 and 2018 2. During 2018, Microsoft reported a fixed asset turnover ratio of 3.8. Was Apple's turnover better or worse than Microsoft's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Apple's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round Intermediate calculations. Round your answers to 1 decimal place.) Year Fixed Asset Turnover Ratio 2016 2017 1. Compute Apple's fixed asset turnover ratio for 2016, 2017 and 2018. 2. During 2018, Microsoft reported a fixed asset turnover ratio of 3.8. Was Apple's turnover better or worse than Microsoft's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Apple's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round Intermediate calculations. Round your answers to 1 decimal place.) Year Fixed Asset Turnover Ratio 2016 2017 2018

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