Question: E9-14 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

E9-14 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 Inc. annual report (in millions):

2010 2011 2012 2013
Net revenue $77,225 $128,119 $179,500 $183,910
Net property, plant, and equipment 4,910 8,880 15,570 15,400
Required:
1.

Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

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