1. Compute Lavender's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Zhu and Ramos reported a fixed asset turnover ratio of 8.3. Was Lavender's turnover better or worse than Zhu and Ramos's in that year?
1. Compute Lavender's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Zhu and Ramos reported a fixed asset turnover ratio of 8.3. Was Lavender's turnover better or worse than Zhu and Ramos's in that year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts
Perspective [LO 9-7]
The following data were included in a recent Lavender Associates annual report (in millions):
2017
$ 84,225
4,980
Net revenue
Net property, plant, and equipment
Required:
1. Compute Lavender's fixed asset turnover ratio for 2016, 2017, and 2018.
2. During 2018, Zhu and Ramos reported a fixed asset turnover ratio of 8.3. Was Lavender's turnover better or worse than Zhu and
Ramos's in that year?
Complete this question by entering your answers in the tabs below.
Required 1
Year
Required 2
2016
2017
2018
2015
2016
$ 167,500 $ 172,910
15,640
17,400
Compute Lavender's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your
answers to 1 decimal place.)
Fixed Asset
Turnover Ratio
< Required 1
Required 2
2018
$123,889
9,580
< Prev
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H
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Transcribed Image Text:E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts
Perspective [LO 9-7]
The following data were included in a recent Lavender Associates annual report (in millions):
2017
$ 84,225
4,980
Net revenue
Net property, plant, and equipment
Required:
1. Compute Lavender's fixed asset turnover ratio for 2016, 2017, and 2018.
2. During 2018, Zhu and Ramos reported a fixed asset turnover ratio of 8.3. Was Lavender's turnover better or worse than Zhu and
Ramos's in that year?
Complete this question by entering your answers in the tabs below.
Required 1
Year
Required 2
2016
2017
2018
2015
2016
$ 167,500 $ 172,910
15,640
17,400
Compute Lavender's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your
answers to 1 decimal place.)
Fixed Asset
Turnover Ratio
< Required 1
Required 2
2018
$123,889
9,580
< Prev
11 of 11
▪▪▪
H
Next >
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