The following data were included in a recent Apple Inc. annual report ($ in millions): Required: 1.
Question:
The following data were included in a recent Apple Inc. annual report ($ in millions):
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Required:
1. Compute Apple’s fixed asset turnover ratio for 2009, 2010, and 2011. Round your answers to two decimal points.
2. How might a financial analyst interpret theresults?
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Req 1 Req 2 Apples fixed asset turnover ratio increased each year from 20...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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