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Fixed Asset Turnover Ratio. Financial statement data for years ending December 31 for Davenport Company follow: Sales Fixed assets: Beginning of year End of

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Fixed Asset Turnover Ratio. Financial statement data for years ending December 31 for Davenport Company follow: Sales Fixed assets: Beginning of year End of year Year 2 $1,668,000 670,000 720,000 Year 1 $1,125,000 580,000 670,000 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 Year b. Does the change in the fixed asset turnover ratio from Year 1 to Year 2 indicate a favorable or an unfavorable change?

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