Business, 07.12.2021 01:00, jessicavasquez081
The following data were included in a recent Apple Incorporated annual report (in millions):
2015 2016 2017 2018
Net revenue $233,715 $215,640 $229,230 $265,600
Net property, plant, and equipment 22,471 27,010 33,780 41,300
Required:
a. Compute Apple's fixed asset turnover ratio for 2016, 2017, and 2018. During 2018, Microsoft reported a fixed asset turnover ratio of 3.8.
b. Was Apple's turnover better or worse than Microsoft's in that year?
Answers: 3
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Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
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The following data were included in a recent Apple Incorporated annual report (in millions):
2015...
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