The following data were included in a recent Papaya Inc. annual report (in millions): 2010 2011 2012 $81,225 $119,119 $161,500 4,950 9,280 15,610 Net revenue Net property, plant, and equipment Required: 1. Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Year 2011 2012 2013 2013 $164,910 16,600 Fixed Asset Turnover Ratio

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Chapter1: Financial Statements And Business Decisions
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The following data were included in a recent Papaya Inc. annual report (in millions):
2010 2011 2012
$81,225 $119,119 $161,500
4,950 9,280 15,610
Net revenue
Net property, plant, and equipment
Required:
1. Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate
calculations. Round your answers to 1 decimal place.)
Year
2011
2012
2013
2013
$164,910
16,600
Fixed Asset
Turnover Ratio
Transcribed Image Text:The following data were included in a recent Papaya Inc. annual report (in millions): 2010 2011 2012 $81,225 $119,119 $161,500 4,950 9,280 15,610 Net revenue Net property, plant, and equipment Required: 1. Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Year 2011 2012 2013 2013 $164,910 16,600 Fixed Asset Turnover Ratio
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