Question
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? | ||||
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