Solution-Current liabilities section of balance sheet for

Current liabilities section of balance sheet for new wave

Reference no: EM13533313

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

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: EM13533313

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Current liabilities section of balance sheet for new wave

Reference no: EM13533313

Reference no: EM13533313

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