Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data were included in a recent Papaya Inc. annual report (in millions): 2010 2011 2012 2013 Net revenue $72,225 $120,119 $169,500 $169,910 Net

The following data were included in a recent Papaya Inc. annual report (in millions):

2010 2011 2012 2013
Net revenue $72,225 $120,119 $169,500 $169,910
Net property, plant, and equipment 4,860 8,380 15,520 14,300

Required:
1.

Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

e}ru:tn"ioatidaleVblTartta"se,ru:td"rewenssA"i",:"n"ioptriscdeb_ta,"{}":62"_],[0":67"_l,ul:n1"_5,"llnu":26"_},:{2"_3,"seal:ft"behalpwAhosS"ie,lsfa":42"_1,:-0"_5,"-1":24"_1,:-1"_3,":05""_0,":_4,"seal:f8"_4,"{}":37"_],4}19":77"_6,16":34"_[{":23"_e,ru:t5"_4,"1"leit%20Tew"N":mena,"}]uetr":47"_3,":54"_],:[3"_3,""}01"1":c1,"1""5":c0{"":19"_},3""2":"5",23:"4","3""2":"3",23:"2","3""2":"1",61:"0"{"":59"_],}]"}x%3B0p:%20ntdeint-ex"t":_8,"r"beumeNylstt%20ghRilety%20sseonspre:"7""_},t"ghri:"8"_6,"uetr":43"_",ONTILUSO:"6"_7{"":55"_},1}":21"_e,ru:t3"_6{"":55"_",ICERUM"N":73"_:{9"_2,"}}2"759886.230:"5"_7{"":_0,""}:"9"_7,"~"2)(1~a:"5"_7{"":56"_},""":79"_",:"5"_7{"":30"_:{2""_:{0"_2{"},"}x%3B0p:%20ntdeint-ex"t":_8,"r"teeneCylst:"7""_},r"teen"c":68"_",ONTIESQU:"6"_7{"":55"_},"}:"9"_7,"3"01"2":75"_:{0"_3{"":_2{"":20"_[{],}}%3B"px%200t:ennd-ixtte:"8""_",ermbNulety%20shtigeRylste%20nspoes"r":_7,""}htig"r":68"_e,ru:t3"_4,"N"IOUTOL"S":76"_:{5"_5,"}}:11"_2,"uetr":63"_:{5"_5,"C"RIMENU:"3"_7{"":29"_},"}169978.447:"5"_7{"":_0,""}:"9"_7,"~"1)(1~a:"5"_7{"":56"_},""":79"_",:"5"_7{"":30"_:{2""_:{0"_2{"},"}x%3B0p:%20ntdeint-ex"t":_8,"r"teeneCylst:"7""_},r"teen"c":68"_",ONTIESQU:"6"_7{"":55"_},"}:"9"_7,"2"01"2":75"_:{0"_3{"":_2{"":20"_[{],}}%3B"px%200t:ennd-ixtte:"8""_",ermbNulety%20shtigeRylste%20nspoes"r":_7,""}htig"r":68"_e,ru:t3"_4,"N"IOUTOL"S":76"_:{5"_5,"}}:11"_2,"uetr":63"_:{5"_5,"C"RIMENU:"3"_7{"":29"_},"}823194248."6":75"_:{0""_},""":79"_",)~10a("~":75"_:{6"_5,""}:"9"_7,"""":75"_:{0"_3{"":_2{"":20"_,{}}%3B"px%200t:ennd-ixtte:"8""_",erntCelety"s":_7,""}erntce:"8"_6,"N"IOSTUE"Q":76"_:{5"_5,"}}""":79"_",1120:"5"_7{"":30"_:{2""_:{0"_2{",[}]"}5%3Bde9a%237:%20orol-cndougrckba%3B%20px%200t:ennd-ixtte:"8""_",ldBolety%20serntCelety"s":_7,"e}ru:t0"_1,"5"de9a%237:"9""_",erntce:"8"_6,"N"IOSTUE"Q":76"_:{5"_5,"}}""":79"_",ioat%20RerovrnTut%20seAsd%20xeFi:"5"_7{"":30"_:{2""_:{0"_2{"},"}5%3Bde9a%237:%20orol-cndougrckba:"8""_",ldBolety%20serntCelety"s":_7,"e}ru:t0"_1,"5"de9a%237:"9""_",erntce:"8"_6,"N"IOSTUE"Q":76"_:{5"_5,"}}""":79"_",arYe:"5"_7{"":30"_:{2""_:{0"_2{"[[":13"_e,lsfa":41"_},n"owpDro"d":27"_1,:-5"_2,"{}":75"_e,lsfa":82"_:{8"_2,"""":22"_e,lsfa":35"_e,ru:t6"_3,"{}":55"_",leab%20TedtltiUn:"9"_6,":27"_1,":48"_5{":[5"_6{"

2.

During 2013, Microsoft reported a fixed asset turnover ratio of 9.2. Was Papaya's turnover better or worse than Microsoft's in that year?

Better
Worse

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Managers Interpreting Accounting Information For Decision Making

Authors: Paul M. Collier

3rd Edition

0470777648, 9780470777640

More Books

Students also viewed these Accounting questions