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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
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?
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