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The following data were included in a recent Papaya Incorporated annual report (in millions): 2017 2018 $109,249 2015 2016 Net revenue $ 158,500 $ 155,918

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The following data were included in a recent Papaya Incorporated annual report (in millions): 2017 2018 $109,249 2015 2016 Net revenue $ 158,500 $ 155,918 $ 66,225 Net property, plant, and equipment 15,460 13,400 4.800 7.789 Required: 1. Compute Papaya's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Bigley reported a fixed asset turnover ratio of 8.6. Was Papaya's turnover better or worse than Bigley's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Papaya's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round Intermediate calculations. Round your answers to 1 decimal place.) 1. Compute Papaya's fixed asset turnover ratio for 2016, 2017 and 2018. 2. During 2018, Bigley reported a fixed asset turnover ratio of 8.6. Was Papaya's turnover better or worse than Bigley's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Papaya's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round Intermediate calculations. Round your answers to 1 decimal place.) Year Fred Asset Turnover Ratio 2016 2017 2018 Round

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