Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in millions): Balance sheets. Property, plant, and equipment (net) Income statement Net sales for 2020 Required: 1. Calculate the company's 2020 fixed-asset turnover ratio. Note: Enter your answers in millions of dollars. Choose Numerator: 2020 $1,674 $ 10,918 1 1 Fixed asset Tumover Ratio Choose Denominator: -2019 $1,404 Fixed asset Turnover Ratio Fixed-asset Turnover Ratio times
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in millions): Balance sheets. Property, plant, and equipment (net) Income statement Net sales for 2020 Required: 1. Calculate the company's 2020 fixed-asset turnover ratio. Note: Enter your answers in millions of dollars. Choose Numerator: 2020 $1,674 $ 10,918 1 1 Fixed asset Tumover Ratio Choose Denominator: -2019 $1,404 Fixed asset Turnover Ratio Fixed-asset Turnover Ratio times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial
statements for the fiscal year ending January 26, 2020 ($ in millions):
Book
fint
k
int
rences
Balance sheets
Property, plant, and equipment (net)
Income statement
Net sales for 2020
Choose Numerator: 1
1
2020
Required:
1. Calculate the company's 2020 fixed-asset turnover ratio.
Note: Enter your answers in millions of dollars.
1
$1,674
$ 10,918
Fixed asset Turnover Ratio
Choose Denominator:
- 2019
=
$ 1,404
Fixed asset Turnover Ratio
Fixed-asset Turnover Ratio
times
Che
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