FINANCIAL ACCOUNTING
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![E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts
Perspective [LO 9-7]
The following data were included in a recent Mendoza Unlimited annual report (in millions):
2015
2016
$ 181,500 $ 188,910
15,580 15,900
2017
$ 78,225
2018
4,920
$130,119
8,980
Net revenue
Net property, plant, and equipment
Required:
77
1. Compute Mendoza's fixed asset turnover ratio for 2016, 2017, and 2018.
2. During 2018, Madan reported a fixed asset turnover ratio of 9.8. Was Mendoza's turnover better or worse than Madan's in that year?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Compute Mendoza's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your
answers to 1 decimal place.)
Fixed Asset
Year
Turnover Ratio
2016
2017
2019](https://content.bartleby.com/qna-images/question/0a716b8c-ed66-43aa-b46c-5e73711c4b3d/78cbe714-d1e8-401c-8cd2-c8a1e9e35412/equ0ypp_processed.jpeg)
Transcribed Image Text:E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts
Perspective [LO 9-7]
The following data were included in a recent Mendoza Unlimited annual report (in millions):
2015
2016
$ 181,500 $ 188,910
15,580 15,900
2017
$ 78,225
2018
4,920
$130,119
8,980
Net revenue
Net property, plant, and equipment
Required:
77
1. Compute Mendoza's fixed asset turnover ratio for 2016, 2017, and 2018.
2. During 2018, Madan reported a fixed asset turnover ratio of 9.8. Was Mendoza's turnover better or worse than Madan's in that year?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Compute Mendoza's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your
answers to 1 decimal place.)
Fixed Asset
Year
Turnover Ratio
2016
2017
2019
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