Question
Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Line Item Description 20Y5 20Y4 Sales $1,807,000
Fixed asset turnover ratio
Select financial statement data for two recent years for Davenport Company are as follows:
| Line Item Description | 20Y5 | 20Y4 |
|---|---|---|
| Sales | $1,807,000 | $1,216,000 |
| Fixed assets: | ||
| Beginning of year | 680,000 | 600,000 |
| End of year | 710,000 | 680,000 |
Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round your answers to one decimal place.
| Line Item Description | 20Y5 | 20Y4 |
|---|---|---|
| Fixed Asset Turnover Ratio |
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Cost Accounting A Managerial Emphasis Revised
Authors: Charles T. Horngren, Monte Wynder, William Maguire, Rebecca Tan, Srikant Datar, Lester E. Heitger
1st Australian Edition
1442554770, 978-1442554771
