Question: Fixed Asset Turnover Ratio Financial statement data for years ending December 31 for DePuy Company follow: Year 2 Sales Fixed assets: Year 1 Beginning of

Fixed Asset Turnover Ratio Financial statement data for years ending December 31 for DePuy Company follow: Year 2 Sales Fixed assets: Year 1 Beginning of year 592,000 540,000 End of year 594,600 592,000 a. Determine the fixed asset turnover ratio for Year 1 and Year 2. Round your answers to one decimal place. Year 2 $1,957,890 Fixed asset turnover Year 1 $1,698,000 b. Does the change in the fixed asset turnover ratio from Year 1 to Year 2 indicate a favorable or an unfavorable change?
 Fixed Asset Turnover Ratio Financial statement data for years ending December

Fixed Asset Turnover fatio Financial statement data for years ending December 31 for DePuy Company follow: a. Determine the fixed asset turnover ratio for Year 1 and Year 2. Round your answers to one decimal place. b. Does the change in the fixed asset turnover ratio from Year 1 to Year 2 indicate a favorable or an unfavorable change

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