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The following data were included in a recent Zhu and Ramos Incorporated annual report (in millions) Net revenue Net property, plant, and equipment Required:
The following data were included in a recent Zhu and Ramos Incorporated annual report (in millions) Net revenue Net property, plant, and equipment Required: 2915 $ 167,500 15,510 2916 $ 167,910 2917 $ 71,225 14,299 4,850 2918 $118,119 8,229 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 91. Was Zhu and Ramos's turnover better or worse than Lavender's 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 Required Required 2 >
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