The following data were included in a recent Apple Inc. annual report ($ in millions):...
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Accounting
The following data were included in a recent Apple Inc. annual report ($ in millions): In millions Net sales 2014 $182,795 Net property, plant, and equipment 20,642 2015 $233,715 22,471 2016 $215,639 27,010 2017 $229,234 33,783 Required: 1. Compute Apple's fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Fixed asset turnover ratio 2015 2016 2017
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