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?

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.

Lead time for one of your fastest-moving products is 20 days. demand during this period averages 90 units per day.a) what would be an appropriate reorder point? ) how does your answer change if demand during lead time doubles? ) how does your answer change if demand during lead time drops in half?