Question: 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 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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