PE 10-9B 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 |
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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