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The following data were included in a recent Papaya Inc. annual report (in millions): 2014 2015 2016 $67,225 $111,249 159,500 $157,910 7,880 15,470 Net revenue
The following data were included in a recent Papaya Inc. annual report (in millions): 2014 2015 2016 $67,225 $111,249 159,500 $157,910 7,880 15,470 Net revenue Net property, plant, and equipment 4,810 13,500 Required 1 Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculetions. Round your answers to 1 decimal place.) Fixed Asset ear Turnover Ratio 2014 2015 2016 2 During 2016, Mellow reported a fixed asset turnover ratio of 8.7. Was Papaya's turnover better or worse than Mellow's in that year? O Better O Worse
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