Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 20Y5 20Y4 Sales $1,668,000 $1,125,000 Fixed assets: Beginning of year 670,000 580,000 End of year 720,000 670,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round to one decimal place. 20Y5 20Y4 Fixed Asset Turnover Ratio fill in the blank 1 fill in the blank 2 b. Does the change in the fixed asset turnover ratio from 20Y4 to 20Y5 indicate a favorable or an unfavorable change

Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 20Y5 20Y4 Sales $1,668,000 $1,125,000 Fixed assets: Beginning of year 670,000 580,000 End of year 720,000 670,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round to one decimal place. 20Y5 20Y4 Fixed Asset Turnover Ratio fill in the blank 1 fill in the blank 2 b. Does the change in the fixed asset turnover ratio from 20Y4 to 20Y5 indicate a favorable or an unfavorable change

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answer; /// blank(1); increases; blank(2); decreases;