Question: Asset turnover ratio Financial statement data for years ended December 31, 2013 and 2042, for Edison Company follow: 20Y3 2012 Sales $1,716,000 $1,400,000 Total assets:

Asset turnover ratio Financial statement data for years ended December 31, 2013 and 2042, for Edison Company follow: 20Y3 2012 Sales $1,716,000 $1,400,000 Total assets: 730,000 670,000 Beginning of year End of year 830,000 730,000 a. Determine the asset turnover ratio for 2013 and 2072. Round answers to one decimal place.

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