Question: Fixed Asset Turnover Ratio Financial statement data for years ending December 31 for Winnett Company are shown below. 2016 2015 Sales $1,825,725 $1,478,400 Fixed assets:

Fixed Asset Turnover Ratio Financial statement data for years ending December

Fixed Asset Turnover Ratio Financial statement data for years ending December 31 for Winnett Company are shown below. 2016 2015 Sales $1,825,725 $1,478,400 Fixed assets: Beginning of year 552,000 504,000 End of year 554,500 552,000 a. Determine the fixed asset turnover ratio for 2016 and 2015. Round your answers to one decimal place. Fixed asset turnover 2016 2015 b. Does the change in the fixed asset turnover ratio from 2015 to 2016 indicate a favorable or an unfavorable trend

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