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The following data were included in a recent Papaya Inc. annual report (in millions): Net revenue 2013 $76,225 4,900 Net property, plant, and equipment 2014
The following data were included in a recent Papaya Inc. annual report (in millions): Net revenue 2013 $76,225 4,900 Net property, plant, and equipment 2014 $126,249 8,780 2015 $177,500 15,560 2016 $180, 910 15,200 Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Year Fixed Asset Turnover Ratio 2014 2015 2016 2. During 2016, Mellow reported a fixed asset turnover ratio of 9.6. Was Papaya's turnover better or worse than Mellow's in that year? O Better Worse
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