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 Net sales Net property, plant, and equipment 2014 $ 19,415 1,291 2015 $ 24,406 1,834 2016 $ 33,979 2,948 2017 $ 34,637 2,475 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 turnover ratio

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