The following data were included in a recent Bigley.organization annual report (in millions): 2016 $172,918 14,600 2015 $ 171,500 15,530 2017 $ 73,225 4,870 2018 $121,449 8,480 Net revenue Net property, plant, and equipment Required: 1. Compute Bigley's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Papaya reported a fixed asset turnover ratio of 9.3. Was Bigley's turnover better or worse than Papaya's in that year?
The following data were included in a recent Bigley.organization annual report (in millions): 2016 $172,918 14,600 2015 $ 171,500 15,530 2017 $ 73,225 4,870 2018 $121,449 8,480 Net revenue Net property, plant, and equipment Required: 1. Compute Bigley's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Papaya reported a fixed asset turnover ratio of 9.3. Was Bigley's turnover better or worse than Papaya's in that year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vaibhav
Transcribed Image Text:The following data were included in a recent Bigley.organization annual report (in millions):
Net revenue
Net property, plant, and equipment
Required:
Complete this question by entering your answers in the tabs below.
2015
2016
$ 171,500 $ 172,910
15,530) 14,600
1. Compute Bigley's fixed asset turnover ratio for 2016, 2017, and 2018.
2. During 2018, Papaya reported a fixed asset turnover ratio of 9.3. Was Bigley's turnover better or worse than Papaya's in that year?
Year
2016
2017
2018
2017
$ 73,225
4,870
Required 1 Required 2
Compute Bigley'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
2018
$121,449
8,480
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