Question: Exercise 10-13 (Static) Fixed-asset turnover ratio; Nvidia [LO10-5] Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in

Exercise 10-13 (Static) Fixed-asset turnover ratio; Nvidia [LO10-5] Nvidia Corporation, a global

Exercise 10-13 (Static) Fixed-asset turnover ratio; Nvidia [LO10-5] Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2017 financial statements ($ In millions): 2017 2016 Balance sheets Property, plant, and equipment (net) $ 521 $466 Income statement Net sales for 2017 $6,910 Required: 1. Calculate the company's 2017 fixed-asset turnover ratio. (Enter your answers in millions rounded to one decimal place.) Fixed-asset Turnover Ratio Choose Numerator: Choose Denominator: = Fixed-asset Turnover Ratio 1 = Fixed-asset Turnover Ratio = 0 times

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