Question: W 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

W E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from

W 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): eBook Net revenue Net property, plant, and equipment 2013 $83,225 4,970 2014 $121,889 9,480 2015 $165,500 15,630 2016 $169,910 17,200 Hint Print References 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.) Year Fixed Asset Turnover Ratio 2014 2015 2016

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