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The following data were included in a recent Mendoza Unlimited annual report (in millions): 2015 2016 2017 2018 Net revenue $ 165,500 $ 164,910 $70,225
The following data were included in a recent Mendoza Unlimited annual report (in millions): 2015 2016 2017 2018 Net revenue $ 165,500 $ 164,910 $70,225 $116, 119 Net property, plant, and equipment 15,500 14,000 4,840 8,180 Required: 1. Compute Mendoza's fixed asset turnover ratio for 2016, 2017 and 2018 2. During 2018, Madan reported a fixed asset turnover ratio of 9.0. Was Mendoza's turnover better or worse than Madan's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Mendoza'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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