Question: Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 20Y5 20Y4 Sales $1,833,000 $967,500 Fixed assets:

Fixed asset turnover ratio

Select financial statement data for two recent years for Davenport Company are as follows:

20Y5 20Y4
Sales $1,833,000 $967,500
Fixed assets:
Beginning of year 690,000 600,000
End of year 720,000 690,000

a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round to one decimal place.

20Y5 20Y4
Fixed Asset Turnover Ratio fill in the blank 1 fill in the blank 2

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