The following data were included in a recent Apple Inc. annual report ($ in millions): Required: 1.
Question:
The following data were included in a recent Apple Inc. annual report ($ in millions):
Required:
1. Compute Apple's fixed asset turnover ratio for 2005, 2006, and 2007.
2. How might a financial analyst interpret theresults?
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
Transcribed Image Text:
In millions 2007 200620052004 $24,0069.315 13.93 8.279 Net sales Net property, plant, and equipment 1,832,28817 707
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