Intermediate Accounting: E10-12 Cisco Systems, Inc., reported the following information

Intermediate Accounting 
E10-12 
Cisco Systems, Inc., reported the following information in its 2009 financial statements ($ in millions): 
2009 2008 
Balance sheets 
Property, plant, and equipment (net) 4,043 4,151 
Income statement 
Net sales for 2009 36,117 

Required: 
Calculate Cisco's 2009 fixed-asset turnover ratio. 
How would you interpret this ratio?
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