Computing and interpreting the fixed asset turnover ratio

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Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective

The following data were included in a recent Papaya Inc. annual report (in millions):

2010 2011 2012 2013
Net revenue $77,225 $128,119 $179,500 $183,910
Net property, plant, and equipment 4,910 8,880 15,570 15,400

Required

Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

Reference no: EM131761049

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