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1. compute robinsons fixed asset turnover ratio cor 2016, 2017, and 2018 ...

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Accounting

1. compute robinsons fixed asset turnover ratio cor 2016, 2017, and 2018
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The following data were included in a recent Robinson Manufacturing annual report (in millions): 2015 2016 2017 2018 Net revenue $ 185,500 $ 194,910 $ 80,225 $133, 119 Net property, plant, and equipment 15,600 16,400 4,940 9,180 Required: 1. Compute Robinson's fixed asset turnover ratio for 2016, 2017 and 2018. 2. During 2018, Mellow reported a fixed asset turnover ratio of 10.0. Was Robinson's turnover better or worse than Mellow's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Robinson's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Year Fixed Asset Turnover Ratio 2016 2017 2018

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