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The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue Net property, plant, and equipment
The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue Net property, plant, and equipment $71,225 $118,119 $167,500 $167,910 8,280 15,51014,200 4,850 Required: . 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 Turnover Ratio Fixed Asset 2014 2015 2016 2. During 2016, Mellow reported a fixed asset turnover ratio of 9.1. Was Papaya's turnover better or worse than Mellow's in that year? Better Worse
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