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The following data were included in a recent Lavender Associates annual report (in millions): Net revenue Net property, plant, and equipment 2015 $ 177,500 15,560
The following data were included in a recent Lavender Associates annual report (in millions): Net revenue Net property, plant, and equipment 2015 $ 177,500 15,560 2016 $ 180,910 15, 200 2017 $ 76,225 4,900 2018 $126,249 8,780 Required: 1. Compute Lavender's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Zhu and Ramos reported a fixed asset turnover ratio of 9.6. Was Lavender's turnover better or worse than Zhu and Ramos's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Lavender'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 During 2018, Zhu and Ramos reported a fixed asset turnover ratio of 9.6. Was Lavender's turnover better or worse than Zhu and Ramos's in that year? Better Worse
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