Question: 2 E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective L08-1 709 points The following data were included in

 2 E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio

2 E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective L08-1 709 points The following data were included in a recent Mango, Inc. annual report ($ in millions In millions 2014 2015 2016 Net sales $ 21,015 $ 25, 606 $ 34,179 Net property, plant, and equipment 1,283 1,835 2,949 2012 $ 34,739 2,459 Required: 1. Compute Mango's fixed asset turnover ratio for 2015, 2016, and 2017 (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Answer is complete but not entirely correct. 2015 2016 2017 14.00 11.50 1412 Fixed asset tumover ratio

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