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Financial statement data for years ending December 31 for Dennis Company follow: Year 2 Year 1 Sales $2,265,000 $2,376,000 Fixed assets: Beginning of year 565,000
Financial statement data for years ending December 31 for Dennis Company follow:
| Year 2 | Year 1 | |||
| Sales | $2,265,000 | $2,376,000 | ||
| Fixed assets: | ||||
| Beginning of year | 565,000 | 515,000 | ||
| End of year | 567,500 | 565,000 | ||
a. Determine the fixed asset turnover ratio for Year 1 and Year 2. Round your answers to one decimal place.
| Fixed asset turnover | |
| Year 1 | fill in the blank 1 |
| Year 2 | fill in the blank 2 |
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Japanese Management Accounting A World Class Approach To Profit Management
Authors: Michiharu Sakurai, Yasuhiro Monden
1st Edition
091529950X, 978-0915299508
