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The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue $ 70,225 $ 116,119 $
The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue $ 70,225 $ 116,119 $ 165,500 $ 164,910 Net property, plant, and equipment 4,840 8,180 15,500 14,000 Required: Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) During 2016, Mellow reported a fixed asset turnover ratio of 9.0. Was Papaya's turnover better or worse than Mellow's in that year? Better Worse
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