Chap. 8 - Exercises Saved Help Save & Exit Submit Check my work 1 E8-2 (Static) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective LO8-1 5.55 points The following data were included in a recent Apple Inc. annual report ($ in millions): 8 03:57:35 In millions Net sales Net property, plant, and equipment 2014 $182,795 20,642 2015 $ 233,715 22,471 2016 $ 215,639 27,010 2017 $ 229, 234 33,783 eBook Required: 1. Compute Apple's fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Hint 2015 2016 2017 Fixed asset turnover ratio Print References