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The following data were included in a recent Zhu and Ramos Incorporated annual report (in millions): 2015 Net revenue Net property, plant, and equipment $
The following data were included in a recent Zhu and Ramos Incorporated annual report (in millions): 2015 Net revenue Net property, plant, and equipment $ 183,500 15,590 2016 $ 191,920 16,200 2017 $ 79, 225 4,930 2018 $131,559 9,080 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 9.9. Was Zhu and Ramos's turnover better or worse than Lavender's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Year Fixed Asset Turnover Ratio 2016 2017 2018
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