The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014...
The following data were included in a recent Papaya Inc. annual report (in millions):
| 2013 | 2014 | 2015 | 2016 | ||||||||||||
| Net revenue | $ | 85,225 | $ | 125,119 | $ | 169,500 | $ | 174,910 | |||||||
| Net property, plant, and equipment | 4,990 | 9,680 | 15,650 | 17,500 | |||||||||||
Required:
-
Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
Homework Answers
Fixed asset turnover = Net revenue/Average fixed assets
2014 = 125,119/[(4990+9680)/2]
= 17.1
.
2015 = 169,500/[(9680+15650)/2]
= 13.4
.
2016 = 174,910/[(15650+17500)/2]
= 10.1
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