At December 31,2018 and 2017,respectively,Tyler Industries Reported Land,buildings,and Equipment Totaling

question 127

Essay

At December 31,2018 and 2017,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 2018 and 2017,respectively.
Required:
Part a.Compute Tyler's fixed asset turnover ratio for the year ended December 31,2018.
Part b.Assume that Tyler's fixed asset turnover ratio increased from 2017 to 2018.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:

Autonomy

The degree to which a job provides the employee with the independence and discretion to schedule their work and determine how it is carried out.

Job Characteristic

Attributes or aspects of a job that influence an employee’s work and levels of satisfaction, such as task variety or autonomy.

Task Knowledge

Understanding and expertise related to the specific tasks and responsibilities of a job role.

Job Enrichment

A job design technique that aims to enhance job satisfaction and performance by adding tasks that increase the job's meaningfulness, variety, and autonomy.