Question: Asset Turnover Financial statement data for the years ending December 31, 20Y3 and 20Y2, for Lawson Company follow: Sales Total assets: Beginning of year

Asset Turnover Financial statement data for the years ending December 31, 20Y3

Asset Turnover Financial statement data for the years ending December 31, 20Y3 and 20Y2, for Lawson Company follow: Sales Total assets: Beginning of year End of year 20Y3 $970,000 420,000 550,000 20Y2 $629,000 320,000 420,000 a. Determine the asset turnover for 20Y3 and 20Y2. Round your answers to one decimal place. Asset turnover 20Y3 20Y2 b. Is the change in the asset turnover from 2012 to 20Y3 favorable or unfavorable? Favorable

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