Nvidia Corporation, a global technology company located in Santa Clara, California, reported the followinginformation in its 2014 financial statements ($ in thousands):20142013Balance sheets$ 582,740Property, plant, and equipment (net)Income statementNet sales for 2014$576,144$4,130,162Required:1. Calculate the company's 2014 fixed-asset turnover ratio.2. How would you interpret this ratio?

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Answered: Nvidia Corporation, a global technology…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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