Question: E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective LO8-1 The following data were included in a recent Mango,

E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from

E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective LO8-1 The following data were included in a recent Mango, Inc. annual report ($ in millions): In millions 2014 2015 2016 Net sales $ 20,515 $ 24,906 $ 34,179 Net property, plant, and equipment 1,283 1,935 2,940 2017 $ 34,737 2,461 Required: 1. Compute Mango's fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) 2015 2016 2017 Fixed asset tumover ratio

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