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Please answer the following question. Thank you very much. The following are financial data taken from the annual report of The Smith & Jones Company:

Please answer the following question. Thank you very much.

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The following are financial data taken from the annual report of The Smith & Jones Company: Year 2 Year 1 Net sales $134,448 $130,060 Gross property, plant and equipment 57,179 52,518 Accumulated depreciation 37, 154 34, 180 Intangible assets (net) 57,504 36,276 A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Smith & Jones

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