Fixed asset turnover ratio

Select financial statement data for two recent years for Davenport Company are as follows:

	20Y5		20Y4
Sales	$1,833,000		$967,500
Fixed assets:
Beginning of year	690,000		600,000
End of year	720,000		690,000

a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round to one decimal place.

	20Y5		20Y4
Fixed Asset Turnover Ratio	fill in the blank 1		fill in the blank 2