Computing and Comparing PPE Turnover for Two Companies Texas Instruments Inc. and Intel Corporation report the...
Computing and Comparing PPE Turnover for Two
Companies
Texas Instruments Inc. and Intel Corporation report the following
information
| Intel Corporation | Texas Instruments | ||||
|---|---|---|---|---|---|
| $ millions | Sales | PPE, net | Sales | PPE, net | |
| 2015 | $54,244 | $32,302 | $12,890 | $2,646 | |
| 2014 | 55,870 | 33,238 | 13,045 | 2,840 | |
Compute the 2015 PPE turnover for both companies.
Round answers to two decimal places.
| PPE turnover rate | |
|---|---|
| Intel Corporation | Answer |
| Texas Instruments | Answer |
Homework Answers
Solution:
PPE turnover =sales/Average
Intel Corporation PPE turnover = $54,244 / ($32,302+$33,238)/2
= $54,244 / $32,770
= 1.66
Texas Instruments Inc PPE turnover = $12,890 / ($2,646+$2,840)/2
= $12,890 / $2,743
= 4.70
| PPE turnover rate | |
| Intel Corporation | 1.66 |
| Texas Instruments | 4.70 |
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Computing and Comparing PPE Turnover for Two
Companies
Texas Instruments Inc. and Intel Corporation report the...
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