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At December 31,2017 and 2016,respectively,Tyler Industries Reported Land,buildings,and Equipment Totaling

question 157

Essay

At December 31,2017 and 2016,respectively,Tyler Industries reported land,buildings,and equipment totaling $5,655,000 and $2,152,000 along with Accumulated Depreciation of $1,000,000 and $600,000 on its balance sheets.Revenues amounted to $38,227,000 and $12,113,000 for 2017 and 2016,respectively.
Required:
Part a.Compute Tyler's fixed asset turnover ratio for the year ended December 31,2017.
Part b.Assume that Tyler's fixed asset turnover ratio increased from 2016 to 2017.How might an analyst interpret an increasing ratio?
Part c.Alternatively,assume that Tyler's fixed asset turnover rate decreased.Does a declining ratio always indicate a negative trend?

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Definitions:

Individual Skills

Refers to the personal capabilities and competencies that an individual possesses, which may include technical skills, soft skills, or specific talents.

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The process of systematically observing and recording information or activities, typically to assess performance or progress.

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Groups of people who work together from different geographical locations and rely on electronic means of communication to collaborate on projects or tasks.

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The stages or processes that groups go through as they progress and evolve, typically including forming, storming, norming, performing, and adjourning.

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