Question: Asset turnover ratio Financial statement data for years ended December 31, 2013 and 2042, for Edison Company follow: 2013 20Y2 Sales $1,771,000 $1,480,500 Total assets:

Asset turnover ratio Financial statement data for years ended December 31, 2013 and 2042, for Edison Company follow: 2013 20Y2 Sales $1,771,000 $1,480,500 Total assets: Beginning of year 780,000 630,000 End of year 830,000 780,000 a. Determine the asset turnover ratio for 2013 and 2072. Round answers to one decimal place. 20Y3 20Y2 Asset turnover b. Is the change in the asset turnover ratio from 2012 to 2043 favorable or unfavorable

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