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The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 $78,225 $130,119 $181,500 $188,910 Net revenue Net
The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 $78,225 $130,119 $181,500 $188,910 Net revenue Net property, plant, and equipment 8,98 15,580 4,920 15,900 Required 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016.(Do not round intermediate calculations. Round you answers to 1 decimal place.) Fixed Asset Year Turnover Ratio 2014 2015 2016 2. During 2016, Mellow reported a fixed asset turnover ratio of 9.8. Was Papaya's turnover better or worse than Mellow's in that year? Better Worse
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