Question: Financial statement data for years ending December 31 for Winnett Company are shown below. a. Determine the fixed asset turnover ratio for 2012 and 2011.

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

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?

2012 2011 Net sales Fixed assets: $3,572,000 $3,526,000 Beginning of year End of year 900,000 980,000 820,000 900,000

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