Question: Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 2015 2014 Sales $1,506,500 $952,000 Fixed assets:

Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 2015 2014 Sales $1,506,500 $952,000 Fixed assets: Beginning of year 640,000 550,000 End of year 670,000 640,000 a. Determine the fixed asset turnover ratio for 2014 and 20Y5. Round to one decimal place. 20Y5 2014 Fixed Asset Turnover Ratio 1.6 x 2.3 X b. Does the change in the fixed asset turnover ratio from 2014 to 2045 indicate a favorable or an unfavorable change? Favorable Feedback Check My Work Sales / Average Book Value of Fixed Assets to obtain the ratio. This ratio measures how efficiently revenue is generate

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