Question: Financial statement data for the years ended December 31 for Parker Corporation are as fallaws: Current Year Prior Year Net Sales $2,595,500 $2,409,498 Fixed assets

Financial statement data for the years ended December 31 for Parker

Financial statement data for the years ended December 31 for Parker Corporation are as fallaws: Current Year Prior Year Net Sales $2,595,500 $2,409,498 Fixed assets (net): Beginning of the year $901,070 $820,000 End of the year 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 trand? 829,330 901,070

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