Question: Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 2015 2014 Sales $1,668,000 $1,125,000 Fixed assets:

Fixed asset turnover ratio Select financial statement data for two recent

Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 2015 2014 Sales $1,668,000 $1,125,000 Fixed assets: 670,000 580,000 Beginning of year 720,000 670,000 End of year a. Determine the fixed asset turnover ratio for 2014 and 2015. Round to one decimal place. 2015 2014 Fixed Asset Turnover Ratio b. Does the change in the fixed asset turnover ratio from 2004 to 2045 indicate a favorable or an unfavorable change

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