Units-of-activity depreciation A tractor acquired at a cost of 5980,000 has an estimated residual value of $291,000,has an estimated useful life of 65,000 hours, and was operated 3,870 hours during the year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input youe answers in the questions below. Fixed asset turnover ratio Financial statement data for years ending December 31 for Xiong Company follow: This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input you answers in the questions below. Open spreadsheet a. Determine the fixed asset turnover ratio for Year 1 and Year 2. Round your answers to one decimal place. b. Does the change in the fixed asset turnover ratio from Year 1 to Year 2 indicate a favorable or an unfavorable change