E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Ar Perspective [LO 9-7] The following data were included in a recent Madan Corporation annual report (in millions): Net revenue Net property, plant, and equipment Required: 2015 2016 $ 169,500 $174,910 15,650 17,500 2017 $ 85,225 4,990 2018 $125,119 9,680 1. Compute Madan's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Mendoza reported a fixed asset turnover ratio of 8.4. Was Madan's turnover better or worse than Mendoza year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Madan's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset Year Turnover Ratio 2016 5.3 2017 3.8 2018 8.5 Required 1 Required 2 >