Fixed Asset Turnover Ratio

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

2016 data on left, 2015 data on right

Sales $2,024,640 --- $2,140,200

Fixed Assets:

Beginning of year $546,000 --- $498,000

End of year $548,400 --- $546,000

(a) Determine the fixed asset turnover ratio for 2016 and 2015. Round your answers to one decimal place.

Fixed Asset Turnover

2016 ________

2015 ________

c. Does the change in fixed asset turnover ratio from 2015 to 2016 indicate a favorable or unfavorable trend?

____________