Question: Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Sales 2015 20Y4 $1,890,000 $1,000,000 Fixed

for Davenport Company are as follows: Sales 2015 20Y4 $1,890,000 $1,000,000 Fixed

Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Sales 2015 20Y4 $1,890,000 $1,000,000 Fixed assets: Beginning of year 670,000 580,000 End of year 730,000 670,000 a. Determine the fixed asset turnover ratio for 2014 and 20Y5. Round to one decimal place. Fixed Asset Turnover Ratio 2015 20Y4 b. Does the change in the fixed asset turnover ratio from 20Y4 to 20Y5 indicate a favorable or an unfavorable change?

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