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