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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.)

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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

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