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The following data were included in a recent Zhu and Ramos Incorporated annual report (in millions): Required: 1. Compute Zhu and Ramos's fixed asset turnover
The following data were included in a recent Zhu and Ramos Incorporated annual report (in millions): Required: 1. Compute Zhu and Ramos's fixed asset turnover ratio for 2016,2017 , and 2018. 2. During 2018, Lavender reported a fixed asset turnover ratio of 9.1. Was Zhu and Ramos's turnover better or worse than Lavender's i that year? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute Zhu and Ramos's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
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