Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company...
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Accounting
Fixed asset turnover ratio
Select financial statement data for two recent years for Davenport Company are as follows:
| 20Y5 | 20Y4 | |||
| Sales | $1,872,000 | $1,179,000 | ||
| Fixed assets: | ||||
| Beginning of year | 700,000 | 610,000 | ||
| End of year | 740,000 | 700,000 |
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 |
b. Does the change in the fixed asset turnover ratio from 20Y4 to 20Y5 indicate a favorable or an unfavorable change?
Favorable or Unfavorable
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