Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 55

A Fixed asset turnover ratio
Financial statement data for years ending December 31 for DePuy Company follows:

a. Determine the fixed asset turnover ratio for 2016 and 2015.
b. Does the change in the fixed asset turnover ratio from 2015 to 2016 indicate a favorable or an unfavorable trend
B Fixed asset turnover ratio
Financial statement data for years ending December 31 for Davenport Company follows:

a. Determine the fixed asset turnover ratio for 2016 and 2015.
b. Does the change in the fixed asset turnover ratio from 2015 to 2016 indicate a favorable or an unfavorable trend