2010 2011 2012 2013 Net revenue Net property, plant, and equipment property plan

Question

2010 2011 2012 2013 Net revenue Net property, plant, and equipment property plant and eqipoment $812 $1919 16500 $104 910 4,950 9,280 15,610 16,600 Required 1. Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Year Fixed Asset Turnover Ratio 2011 2012 2013 2. During 2013, Microsoft reported a fixed asset turnover ratio of 8.0. Was Papaya's turnover better or worse than Microsoft's in that year? Better Worse Hints References eBook & Resources Hint#1 Type here to search

Explanation / Answer

1 Year Fixed asset turnover ratio 2011 16.7 =119119/((4950+9280)/2) 2012 13.0 =161500/((15610+9280)/2) 2013 10.2 =164910/((15610+16600)/2) 2 Better

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