The following data were included in a recent Apple Inc. annual report (in millions):

Required:
1. Compute Apple€™s fixed asset turnover ratio for 2011, 2012, and 2013. Round your answer to one decimal place.
2. During 2013, Microsoft reported a fixed asset turnover ratio of 8.5. Was Apple€™s turnover better or worse than Microsoft€™s in that year?

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2010 55.225 $108.249500$170,910 2011 2013 Net revenue Net property. plant, and equipment 4,768 15,450 16,800