Question: Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Sales Fixed assets: 20Y5 $1,668,000 670,000 20Y4

Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: Sales Fixed assets: 20Y5 $1,668,000 670,000 20Y4 Beginning of year End of year a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round to one decimal place. 720,000 $1,125,000 580,000 670,000 20Y5 20Y4 Fixed Asset Turnover Ratio b. Does the change in the fixed asset turnover ratio from 20Y4 to 20Y5 indicate a favorable or an unfavo

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