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Determine the fixed asset turnover ratio

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Problem - Fixed asset turnover ratio

Financial statement data for years ending December 31 for Fallon Company are shown below.

 

2012

2011

Net sales

$740,000

$520,000

Fixed assets:

Beginning of year

425,000

375,000

End of year

500,000

425,000

Required -

a. Determine the fixed asset turnover ratio for 2012 and 2011.

b. Does the change in the fixed asset turnover ratio from 2011 to 2012 indicate a favorable or an unfavorable trend?

Reference no: EM132682073

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