The following data were included in a recent Apple Inc. annual report ($ in millions): In millions 2011 2012 2013 2014 Net sales $ 108,249
The following data were included in a recent Apple Inc. annual report ($ in millions):
In millions | 2011 | 2012 | 2013 | 2014 | ||||
Net sales | $ | 108,249 | $ | 156,508 | $ | 170,910 | $ | 182,795 |
Net property, plant, and equipment | 7,777 | 15,452 | 16,597 | 20,624 | ||||
Compute Apple's fixed asset turnover ratio for 2012, 2013, and 2014. (Round your final answers to 2 decimal places.)
Step by Step Solution
3.45 Rating (161 Votes )
There are 3 Steps involved in it
Average assets 15452777721161450 2012 Sales fixed assets156508116... View full answer

Get step-by-step solutions from verified subject matter experts
100% Satisfaction Guaranteed-or Get a Refund!


See step-by-step solutions with expert insights and AI powered tools for academic success
-
Access 30 Million+ textbook solutions.
-
Ask unlimited questions from AI Tutors.
-
Order free textbooks.
-
100% Satisfaction Guaranteed-or Get a Refund!
Claim Your Hoodie Now!


Study Smart with AI Flashcards
Access a vast library of flashcards, create your own, and experience a game-changing transformation in how you learn and retain knowledge
Explore Flashcards