Financial statement data for years ending December 31 for Winnett Company are shown below. a. Determine the

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Financial statement data for years ending December 31 for Winnett Company are shown below.

Financial statement data for years ending December 31 for Winnet

a. Determine the fixed asset turnover ratio for 2012 and 2011.
b. Does the change in the fixed asset turnover ratio from 2011 to 2012 indicate a favorable or an unfavorabletrend?

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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