Question: Financial statement data for years ending December 31, 2019 and 2018, for Latchkey Company follow: a. Determine the asset turnover for 2019 and 2018. b.

Financial statement data for years ending December 31, 2019 and 2018, for Latchkey Company follow:

a. Determine the asset turnover for 2019 and 2018.
b. Does the change in the asset turnover from 2018 to 2019 indicate a favorable or an unfavorable trend?

2019 2018 1,734,000 $1,645,000 Sales Total assets: Beginning of year End of year 480,000 540,000 460,000 480,000

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