Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective LO 9 7 The following data were included in a recent Apple Inc annual report (in millions) 2007 2008 2009 2010 2011 Net revenue $24,026 $32,519 $42,945 $65,262 $108,284 Net property, plant, and equipment 1,848 2,465 2,956 4,781 7,781 Required 1 Compute Apple's fixed asset turnover ratio for 2008, 2009, 2010, and 2011 ( Do not round intermediate calculations Round your answers to 2 decimal places ) year Fixed asset 2008 2009 2010 2011

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Question: Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7] The following data were included in a recent Apple Inc

Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7]

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

	2007	2008	2009	2010	2011
Net revenue	$24,026	$32,519	$42,945	$65,262	$108,284
Net property, plant, and equipment	1,848	2,465	2,956	4,781	7,781

Required:

Compute Apple's fixed asset turnover ratio for 2008, 2009, 2010, and 2011. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

year	Fixed asset
2008
2009
2010
2011

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