- The Following Data Were Included In A Recent Mellow Industries Annual Report In Millions Net Revenue Net Property Pl 1 (236.42 KiB) Viewed 9 times
The following data were included in a recent Mellow Industries annual report (in millions): Net revenue Net property, plant, and equipment Required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 1. Compute Mellow's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Robinson reported a fixed asset turnover ratio of 8.7. Was Mellow's turnover better or worse than Robinson's in that year? Year 2016 2017 2018 2015 2016 $ 159,500 $ 157,910 15,470 13,500 Compute Mellow's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset Turnover Ratio 11.7 7.6 18.4 < Required 1 2017 $ 67,225 4,810 2018 $111,249 7,880 Required 2 >
The following data were included in a recent Mellow Industries annual report (in millions): Net revenue Net property, plant, and equipment Required: Required 1 Required 2 2015 $ 159,500 15,470 Complete this question by entering your answers in the tabs below. 2016 $ 157,910 13,500 1. Compute Mellow's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Robinson reported a fixed asset turnover ratio of 8.7. Was Mellow's turnover better or worse than Robinson's in that year? OBetter Worse < Required 1 2017 $ 67,225 4,810 During 2018, Robinson reported a fixed asset turnover ratio of 8.7. Was Mellow's turnover better or worse than Robinson's in that year? 2018 $111,249 7,880 Required 2 >