Question: Financial statement data for years ended December 31, 2013 and 2012, for Edison Company follow: Sales 2013 $2,370,000 2012 $2,044,500 Total assets: Beginning of 780,000

Financial statement data for years ended December 31, 2013 and 2012, for Edison Company follow: Sales 2013 $2,370,000 2012 $2,044,500 Total assets: Beginning of 780,000 630,000 year End of year 800,000 780,000 a. Determine the asset turnover ratio for 20Y3 and 2012. Round answers to one decimal place. Asset turnover 2013 2012 b. Is the change in the asset turnover ratio from 2012 to 20Y3 favo ble or unfavorable

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