Financial statement data for years ending December 31 for Edison Company follows: a. Determine the ratio of

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Financial statement data for years ending December 31 for Edison Company follows:

a. Determine the ratio of sales to assets for 2016 and 2015.
b. Does the change in the ratio of sales to assets from 2015 to 2016 indicate a favorable or an unfavorable trend?

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Related Book For answer-question

Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Oct 27, 2016 01:58 AM

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Financial statement data for years ending December 31 for Edison Company follows: a. Determine the ratio of

Question:

2016 2015 Sales Total assets: 1,884,000 $1,562,000 Beginning of year End of year 770,000 800,000 650,000 00000 770000

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