value: 10.00 points E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio fro The following data were included in a recent Papaya Inc. annual report (in millions): 2010 2011 2012 2013 Net revenue Net property, plant, and equipment S84,225 $123,889 $167,500 $172,910 9,580 15,640 17,400 4,980 Required 1. Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers t o 1 decimal place.) Fixed Asset Turnover Ratio Year 2011 2012 2013 2. During 2013, Microsoft reported a fixed asset turnover ratio of 8.3. Was Papaya's turnover better or worse than Microsoft's in that year? Better Worse E9-15 Computing Depreciation and Book Value for Two Years Using Alt Asset Turnover Ratio [LO 9-3, LO 9-7] Torge Company bought a machine for $78,000 cash. The estimated useful life was five years and the estimated residual value was $6,000. Assume that the estimated useful life in productive units is 168,000. Units actually produced were 44,800 in year 1 and 50,400 in year 2. Required 1. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations.) Depreciation Expense for Book Value at the End of Year 2 Year 1 Year 1 Year 2 Method of Straight-line Units-of-production 2-a. Which method would result in the lowest net income for year 1 Units-of-production Double-declining-balance 2? 2-b. Which method would result in the lowest net income for year Units-of-production 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Units-of-production