E$9-15($Algo$)$ Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective $[$LO $9-7]$

The following data were included in a recent Papaya Incorporated annual report $($in millions$)$:

$2015201620172018$

Net revenue $ $158,500$ $ $155,910$ $ $66,225$ $$109,249$

Net property, plant, and equipment $15,46013,4004,8007,780$

Required:

Compute Papaya's fixed asset turnover ratio for $2016,2017,$ and $2018.$

During $2018,$ Bigley reported a fixed asset turnover ratio of $8\mathrm{.}6.$ Was Papaya's turnover better or worse than Bigley's in that year?E$9-15($Algo$)$ Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts

Perspective $[$LO $9-7]$

The following data were included in a recent Papaya Incorporated annual report $($in millions$)$:

Required:

Compute Papaya's fixed asset turnover ratio for $2016,2017,$ and $2018.$

During $2018,$ Bigley reported a fixed asset turnover ratio of $8\mathrm{.}6.$ Was Papaya's turnover better or worse than Bigley's in that year?

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Compute Papaya's fixed asset turnover ratio for $2016,2017,$ and $2018.($Do not round intermediate calculations. Round your

answers to $1$ decimal place.$)$