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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

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

FINANCIAL ACCOUNTING
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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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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