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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 $1,812,500 2014 $1,005,000 710,000 740,000 630,000 710,000 a. Determine the fixed asset turnover ratio for 2014 and 2015. Round your answers to one decimal place. Fixed Asset Turnover Ratio: 2015 2014 b. Does the change in the fixed asset turnover ratio from 2014 to 2015 indicate a favorable or an unfavorable change
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