512 PE 10-9B Fixed asset turnover ratio OBJ. 7 Financial statement data for years ending December 31 for Davenport Company follow Year 2 Year 1 Sales $1,668,000 $1,125,000 Fixed assets: Beginning of year 670,000 580,000 End of year 720,000 670,000 a. Determine the fixed asset turnover ratio for Year 1 and Year 2. b. Does the change in the fixed asset turnover ratio from Year 1 to Year 2 indicate a favorable or an unfavorable change