The following financial statement data for years ending December 31 for Foodworks Company are shown below. a.
Question:
a. Determine the ratio of net sales to assets for 2012 and 2011.
b. Does the change in the ratio of net sales to assets from 2011 to 2012 indicate a favorable or an unfavorabletrend?
Transcribed Image Text:
2012 2011 Net sales Total assets: $880,000 787,500 Beginning of year End of year 500,000 600,000 375,000 500,000
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