Question: Financial statement data for the years ended December 31 for Parker Corporation are as follows: Current Year Prior Year Net Sales $2,595,600 $2,409,498 Fixed assets

Financial statement data for the years ended December 31 for Parker Corporation are as follows:

Current Year Prior Year
Net Sales $2,595,600 $2,409,498
Fixed assets (net):
Beginning of the year $901,070 $820,000
End of the year 829,330 901,070

a. Determine the fixed asset turnover for the current and prior years. Round your answers to one decimal place.

Current Year:
Prior Year:

b. Does the change in fixed asset turnover from the prior year to the current year indicate a favorable or unfavorable trend?

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