Question: E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Pe [LO 9-7) The following data were included in a recent Papayo

E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a

E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Pe [LO 9-7) The following data were included in a recent Papayo Inc. annual report (In millions) 2013 $79,225 Net revenue Net property, plant, and equipment 2014 $131,559 9,00 2015 $183,500 15,590 2016 $191,920 15, 2ee Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round Intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset

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