Question: Financial statement data for years ended December 31, 2023 and 20Y2, for Edison Company follow: 2013 2012 Sales $2,079,000 $1,750,000 Total assets: Beginning of year

Financial statement data for years ended December 31, 2023 and 20Y2, for Edison Company follow: 2013 2012 Sales $2,079,000 $1,750,000 Total assets: Beginning of year 730,000 670,000 End of year 810,000 730,000 a. Determine the asset turnover ratio for 2013 and 2042. Round answers to one decimal place. 20Y3 20Y2 Asset turnover 2.2 X 2.6 X

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