Question: Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow: 2019 2018 Sales $1,501,500 $1,045,000 Total assets: Beginning of year

Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow:

2019 2018
Sales $1,501,500 $1,045,000
Total assets:
Beginning of year 620,000 480,000
End of year 810,000 620,000

a. Determine the asset turnover for 2019 and 2018. Round your answers to one decimal place.

2019 2018

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