Question
Fixed Asset Turnover Ratio Financial statement data for years ending December 31 for DePuy Company follows: 2016 2015 Sales $5,510,000 $4,880,000 Fixed assets: Beginning of
Fixed Asset Turnover Ratio
Financial statement data for years ending December 31 for DePuy Company follows:
| 2016 | 2015 | |||
| Sales | $5,510,000 | $4,880,000 | ||
| Fixed assets: | ||||
| Beginning of year | 1,600,000 | 1,450,000 | ||
| End of year | 2,200,000 | 1,600,000 | ||
a. Determine the fixed asset turnover ratio for 2016 and 2015. Round your answers to one decimal place.
| Fixed asset turnover | |
| 2016 | |
| 2015 |
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GAO Financial Audit Manual Volume 1 Updated April 2020
Authors: United States Government GAO
2020 Edition
B091PR8396, 979-8733135977
