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): 2013 $80,225 2014 $133,119 2015 $185,500 2016 $194,910 Net revenue Net property, plant, and equipment 4,940 9,180 15,600 16,400 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 Year Asset Turnover Ratio 2014 2015f 2016 2. During 2016, Mellow reported a fixed asset turnover ratio of 10.0. Was Papaya's turnover better or worse than Mellow's in that year? Better Worse