The following data was taken from the annual financial statements of Grizzle Company: Required Calculate the fixed

Question:

The following data was taken from the annual of Grizzle Company:

The following data was taken from the annual financial statements

Required
Calculate the fixed asset turnover ratio for the years presented. What does the trend in the ratio tell you about the company's performance?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.