Financial statement data for years ending December 31 for Dennis Company follow: Year 2 Year 1 Sales $4,521,000 $3,960,000 Fixed assets: Beginning of year 1,140,000 1,060,000 End of year 1,600,000...

Financial statement data for years ending December 31 for Dennis Company follow:

a.Determine the fixed asset turnover ratio for Year 1 and Year 2.Round your answers to one decimal place.

b.Does the change in the fixed asset turnover ratio from Year 1 to Year 2 indicate a favorable or an unfavorable change?
Unfavorable