Texas instruments inc. and intel corporation report the following information intel corporation texas instruments $ millions sales ppe, net sales ppe, net 2015 $56,688 $31,347 $13,188 $2,530 2014 55,870 33,238 13,045 2,840 compute the 2015 ppe turnover for both companies. round answers to two decimal places.

The 2015 PPE turnover for both companies is:

Intel Corporation is 1.76

Texas Instruments Inc is 4.91

Explanation:

PPE turnover = sales/Average

Intel Corporation:

PPE turnover = $56,688/($31,347 + $33,238)/2  

                      = $54,244 / $32,770

                      = 1.76

Texas Instruments Inc:

PPE turnover = $13,188/($2,530 + $2,840)/2  

                      = 4.91

Therefore, The 2015 PPE turnover for both companies is:

Intel Corporation is 1.76

Texas Instruments Inc is 4.91

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