E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective LO8-1 The following data were included in a recent Mango, Inc. annual report ($ in millions): In millions Net sales Net property, plant, and equipment Fixed asset turnover ratio 2014 $ 19,415 1,277 2015 2015 $ 25,406 1,852 Required: 1. Compute Mango's fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) 2016 2016 $ 33,079 2,940 2017 2017 $ 35,137 2,469

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E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's
Perspective LO8-1
The following data were included in a recent Mango, Inc. annual report ($ in millions):
2016
$33,079
2,940
In millions
Net sales.
Net property, plant, and equipment.
Fixed asset turnover ratio
2014
$ 19,415
1,277
2015
Required:
1. Compute Mango's fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final
answers to 2 decimal places.)
2015
$ 25,406
1,852
2016
2017
$ 35,137
2,469
2017
Transcribed Image Text:E8-2 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analyst's Perspective LO8-1 The following data were included in a recent Mango, Inc. annual report ($ in millions): 2016 $33,079 2,940 In millions Net sales. Net property, plant, and equipment. Fixed asset turnover ratio 2014 $ 19,415 1,277 2015 Required: 1. Compute Mango's fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) 2015 $ 25,406 1,852 2016 2017 $ 35,137 2,469 2017
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