Question: Cisco Systems, Inc., reported the following information in its 2009 financial statements ($ in millions): Required: 1. Calculate Cisco's 2009 fixed-asset turnover ratio. 2. How

Cisco Systems, Inc., reported the following information in its 2009 financial statements ($ in millions):

Cisco Systems, Inc., reported the following information in its 2

Required:
1. Calculate Cisco's 2009 fixed-asset turnover ratio.
2. How would you interpret thisratio?

2009 2008 Balance sheets Property, plant, and equipment (net Income statement Net sales for 2009 4,043 S 4.151 S 36,117

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