The following data were included in a recent Apple Inc. annual report (in millions): Required: 1. Compute
Question:
The following data were included in a recent Apple Inc. annual report (in millions):
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Required:
1. Compute Apple's fixed asset turnover ratio for 2008, 2009, 2010, and 2011. Round your answer to one decimal place.
2. Was Apple able to maintain its strong financial performance in recent years when the economy was faltering?
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.
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Req 1 Fixed asset turnover ratio Dollars in millions Net Sales Averag...View the full answer
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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