Question

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:

  1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

0 0
Add a comment Improve this question Transcribed image text
Answer #1

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

Add a comment
Know the answer?
Add Answer to:
The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The following data were Included In a recent Papaya Inc. annual report (In millions) 2014 2013 2015 2016 $175, 910 14,...

    The following data were Included In a recent Papaya Inc. annual report (In millions) 2014 2013 2015 2016 $175, 910 14, B00 $74, 225 4, BB0 Net revenue $122,849 B,580 $173,500 15,540 Net property, plant, and equipment Required: 1. Compute Papaya's fixed asset turnover ratlo for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset Year Turnover Ratio 2014 2015 2016 2 During 2016, Mellow reported a fixed asset turnover ratio...

  • The following data were included in a recent Papaya Inc. annual report (in millions): 2012 $80,225...

    The following data were included in a recent Papaya Inc. annual report (in millions): 2012 $80,225 $133,119 $185,500 15,600 2010 2011 2013 $194,910 16,400 Net revenue Net property, plant, and equipment 4,940 9,180 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.) Fixed Asset Year Turnover Ratio 2011 2012 2013

  • E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7)...

    E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7) The following data were included in a recent Papaya Inc. annual report (in millions): 2013 $80,225 2014 $133,119 2015 $185,500 2016 $194,910 Net revenue Net property, plant, and equipment 4,940 9,180 15,600 16,400 Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Year Asset Turnover Ratio 2014...

  • E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Pe [LO 9-7)...

    E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Pe [LO 9-7) The following data were included in a recent Papayo Inc. annual report (In millions) 2013 $79,225 Net revenue Net property, plant, and equipment 2014 $131,559 9,00 2015 $183,500 15,590 2016 $191,920 15, 2ee Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round Intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset

  • . THis shows what is correct or incorrect for the work you have completed so far...

    . THis shows what is correct or incorrect for the work you have completed so far It does no completion The following data were included in a recent Papaya Inc. a Net revenue Net property, plant, and equipment $70,225 $116,119 $165,500 $164,910 4,840 8,180 15,500 14,000 Required 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculat Round your answers to 1 decimal place.) Answer is complete but not entirely correct. Fixed Asset...

  • Question 10 Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions):...

    Question 10 Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions): net sales of $2,415 in 2015, $2,360 in 2014, and $2,184 in 2013. The company also reported net income of $237 in 2015, $360 in 2014, and $320 in 2013. Assets at the end of 2015 were $2,911; at the end of 2014, $2,593; and at the end of 2013, $2,044. Calculate Gildan's asset turnover, profit margin, and return on assets for 2015 and...

  • Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions...

    Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $3,168 $19,256 $29,138 $3,384 Fiscal Year 2015 2,981 21,381 27,541 2,946 Fiscal Year 2014 2,551 16,735 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...

  • Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions...

    Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $4,224 $25,675 $38,851 $4,512 Fiscal Year 2015 3,613 25,916 36,721 3,928 Fiscal Year 2014 3,401 22,313 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...

  • Analyzing Noncurrent Asset Disclosures. The following are financial data taken from the 2015 annual report of...

    Analyzing Noncurrent Asset Disclosures. The following are financial data taken from the 2015 annual report of a company: (amounts in millions) 2015 2014 Net sales............................................................ $48,851 for 2015 and $49,605 for 2014 Gross property, plant and equipment...................................... 27,268 for 2015 and 24,988 for 2014 Accumulated depreciation .............................................. (13,502) for 2015 and (13,226) for 2014 Intangible assets (net).................................................. 40,356 for 2015 and 35,166 for 2014 Calculate the following ratios for 2015 and 2014: Intangible asset turnover, fixed asset turnover, accumulated depreciation...

  • The following is a list of account titles and amounts (in millions) reported at December 27,...

    The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families: $ 504 609 364 Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,130 Equipment 759 Goodwill 514 Inventories 41 Land 254 Licensing Rights 694 Prepaid Rent 14 1,849 369 Required: 1. Prepare the asset section of a classified balance...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT