LLUT The following data were included in a recent Papaya Inc. annual report (in millions):...
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LLUT The following data were included in a recent Papaya Inc. annual report (in millions): Net revenue 2013 380,225 4,940 2014 $133, 119 9,100 2015 3185,500 15,600 2016 $194,910 16,400 Net property, plant, and equipment Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round Intermediate calculations. Round your answers to 1 decimal place.) Year Fixed Asset Turnover Ratio 2014 2015 2016 2. During 2016, Mellow reported a fixed asset turnover ratio of 10,0. Was Popaya's turnover better or worse than Mellow's in that year? Better Worse
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