The following data were included in a recent Mango, Incorporated annual report ($ in millions): In millions
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Question:
The following data were included in a recent Mango, Incorporated annual report ($ in millions):
In millions | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|
Net sales | $ 249,234 | $ 215,595 | $ 300,174 | $ 294,515 |
Net property, plant, and equipment | 35,783 | 52,304 | 39,378 | 31,766 |
Required:
Compute Mango’s fixed asset turnover ratio for 2018, 2019, and 2020.
Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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