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The following data were included in a recent Apple Inc. annual report ($ in millions): In millions 2011 2012 2013

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

In millions2011201220132014
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.)


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Answer rating: 100% (QA)

Average assets 15452 7777 2 11614 50 2012 Sales fixed assets 156508 1161 View the full answer


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Fundamentals of Financial Accounting

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: January 23, 2021 09:16:41
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