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 a Financial Analyst's Perspective LO8-1 The following data were included in a recent Mango. Inc. annual report ($ in millions 2015 2016 In millions Net sales Net property, plant, and equipment 2014 $ 21,015 1,283 $ 25,00 1,835 $ 34,179 2,949 2017 $ 34,737 2,459 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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