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):

Required:
1. Compute Apple's fixed asset turnover ratio for 2005, 2006, and 2007.
2. How might a financial analyst interpret theresults?

Asset Turnover
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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Financial Accounting

ISBN: 978-0073526881

6th Edition

Authors: Libby, Short

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Question Posted: Jul 26, 2012 02:59 AM

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The following data were included in a recent Apple Inc. annual report ($ in millions): Required: 1.

Question:

In millions 2007 200620052004 $24,0069.315 13.93 8.279 Net sales Net property, plant, and equipment 1,832,28817 707

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Req 1 Fixed asset turnover ratio in millions Sales beginning net fixed assets ending net fi...View the full answer

Financial Accounting

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