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Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Sales Fixed assets: Beginning of year
Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Sales Fixed assets: Beginning of year End of year 2015 $1,690,500 2014 $1,130,500 710,000 760,000 620,000 710,000 a. Determine the fixed asset turnover ratio for 2014 and 2015. Round your answers to one decimal place. Fixed Asset Turnover Ratio 2015 20Y4 b. Does the change in the fixed asset turnover ratio from 2014 to 20YS indicate a favorable or an unfavorable change?
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