Plantronics, Inc., a leading worldwide manufacturer of communication and telephone headset systems, reported the following information in its 2011 financial statements ($ in thousands):

Required:
1. Calculate the company€™s 2011 fixed-asset turnover ratio.
2. How would you interpret thisratio?

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2011 2010 Balance sheets Property, plant, and equipment (net) $ 70,622 $65,700 Income statement Net sales for 2011 $683,602