Question: Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 2015 2014 Sales $1,667,500 $1,122,000 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 $1,667,500 $1,122,000 Fixed assets: Beginning of year 700,000 620,000 End of year 750,000 700,000 a. Determine the fixed asset turnover ratio for 20Y4 and 2025. Round to one decimal place. 2045 2014 Fixed Asset Turnover Ratio b. Does the change in the fixed asset turnover ratio from 2014 to 2045 indicate a favorable or an unfavorable change? Check My Work Previous Next Email Instructor Save and Exit Submit Assignment for Grading

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