Question: Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Sales Fixed assets: Beginning of year

Fixed asset turnover ratio Select financial statement data for two recent years

Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Sales Fixed assets: Beginning of year End of year 2015 $1,812,500 2014 $1,005,000 710,000 740,000 630,000 710,000 a. Determine the fixed asset turnover ratio for 2014 and 2015. Round your answers to one decimal place. Fixed Asset Turnover Ratio: 2015 2014 b. Does the change in the fixed asset turnover ratio from 2014 to 2015 indicate a favorable or an unfavorable change

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