Cody Construction declared and paid a cash dividend of $7,100 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year Income Statement Sales Revenue $ 135,000 $ 119,000 Cost of Goods Sold 62,000 58,000 Gross Profit 73,000 61,000 Operating Expenses 41,000 37,000 Interest Expense 4,500 4,500 Income before Income Tax Expense 27,500 19,500 Income Tax Expense (30%) 8,250 5,850 Net Income $ 19,250 $ 13,650 Balance Sheet Cash $ 76,025 $ 33,000 Accounts Receivable, Net 22,000 17,000 Inventory 30,000 43,000 Property and Equipment, Net 100,000 110,000 Total Assets $ 228,025 $ 203,000 Accounts Payable $ 47,000 $ 34,500 Income Tax Payable 1,125 750 Notes Payable (long-term) 45,000 45,000 Total Liabilities 93,125 80,250 Common Stock (par $10) 93,000 93,000 Retained Earnings 41,900 29,750 Total Liabilities and Stockholders Equity $ 228,025 $ 203,000 Required: 1. Net property and equipment totaled $115,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year?