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The following data were included in a recent Mellow Industries annual report in millions): Net revenue 2018 5124,549 8.680 2015 2016 2017 $ 175,500 $
The following data were included in a recent Mellow Industries annual report in millions): Net revenue 2018 5124,549 8.680 2015 2016 2017 $ 175,500 $ 177.910 Het property, plant, and equipment $ 75,225 15,550 14,900 4.890 Required: 1. Compute Mellow's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Robinson reported a fixed asset turnover ratio of 9.5. Was Mellow's turnover better or worse than Robinson's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Mellow's fixed asset turnover ratio for 2016, 2017 and 2018. (Do not round Intermediate calculation Round your answers to 1 decimal place.) Yout Fixed Asset Turnover Ratio 2016 2017 2018 Required 2 > The following data were included in a recent Mellow Industries annual report (in millions): 2015 2016 2012 2018 Net revenue $ 175,500 $177,910 $ 75,225 $124,549 Net property, plant, and equipment 15,550 14,900 4,890 8,680 Required: 1. Compute Mellow's fixed asset turnover ratio for 2016, 2017, and 2018 2. During 2018, Robinson reported a fixed asset turnover ratio of 9.5. Was Mellow's turnover better or worse than Robinson's in that year? ok int Complete this question by entering your answers in the tabs below. Required 1 Required 2 During 2018, Robinson reported a fixed asset turnover ratio of 9.5. Was Mellow's turnover better or worse than Robinson's in that year? O Better Worse
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