Question
The following data were included in a recent Papaya Inc. annual report (in millions): 2010 2011 2012 2013 Net revenue $69,225 $114,119 $163,500 $162,910 Net
The following data were included in a recent Papaya Inc. annual report (in millions): 2010 2011 2012 2013 Net revenue $69,225 $114,119 $163,500 $162,910 Net property, plant, and equipment 4,830 8,080 15,490 13,900 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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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
3rd Edition
0131494910, 9780131494916
