Question: Financial statement data for years ended December 3 1 , 2 0 Y 3 and 2 0 Y 2 , for Edison Company follow: 2
Financial statement data for years ended December Y and Y for Edison Company follow:YYSales$$Total assets:Beginning of yearEnd of yeara Determine the asset turnover ratio for Y and Y Round answers to one decimal placeYYAsset turnoverb. Is the change in the asset turnover ratio from Y to Y favorable or unfavorable?
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