Question: Financial statement data for years ending December 31 for Davenport Company are shown below. a. Determine the fixed asset turnover ratio for 2014 and 2013.

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

a. Determine the fixed asset turnover ratio for 2014 and 2013.
b. Does the change in the fixed asset turnover ratio from 2013 to 2014 indicate a favorable or an unfavorabletrend?

2014 2013 Net sales Fixed assets: $1,668,000 1,125,000 Beginning of year End of year 670,000 720,000 580,000 670,000

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