Assume the following data were included in a recent Apple Inc. annual report (in millions): ...
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Accounting
Assume the following data were included in a recent Apple Inc. annual report (in millions):
2017 2018 2019 2020
Net sales $ 15,531 $ 20,915 $ 25,606 $ 34,079
Net property, plant, and equipment 657 1,121 1,672 2,295
Required:
Compute Apple’s fixed asset turnover ratio for 2018, 2019, and 2020.
Assume the following data were included in a recent Apple Inc. annual report (in millions):
2017 2018 2019 2020
Net sales $ 15,531 $ 20,915 $ 25,606 $ 34,079
Net property, plant, and equipment 657 1,121 1,672 2,295
Required:
Compute Apple’s fixed asset turnover ratio for 2018, 2019, and 2020.
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