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The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue $ 84,225 $ 123,889 $
The following data were included in a recent Papaya Inc. annual report (in millions):
2013 | 2014 | 2015 | 2016 | ||||||||||||
Net revenue | $ | 84,225 | $ | 123,889 | $ | 167,500 | $ | 172,910 | |||||||
Net property, plant, and equipment | 4,980 | 9,580 | 15,640 | 17,400 | |||||||||||
Required:
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Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
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