Solution-Problem - Fixed Asset Turnover Ratio

Problem - Fixed Asset Turnover Ratio

Reference no: EM132682066

Problem - Fixed Asset Turnover Ratio

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

	2012	2011
Net sales	$3,572,000	$3,526,000
Fixed assets:
Beginning of year	900,000	820,000
End of year	980,000	900,000

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: EM132682066

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Problem - Fixed Asset Turnover Ratio

Reference no: EM132682066

Reference no: EM132682066

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