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 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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  • CreatedNovember 02, 2015
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