Question: Please solve this Asset turnover ratio. Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow: 20Y3 20Y2 Sales $2,146,500

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Asset turnover ratio. Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow: 20Y3 20Y2 Sales $2,146,500 $1,800,000 Total assets: Beginning of 780,000 660,000 End of year 810,000 780,000 a. Determine the asset turnover ratio for 20Y3 and 20Y2. Round answers to one decimal place. 20Y3 2012 Asset 0.4 0.4 turnover b. Is the change in the asset turnover ratio from 20Y2 to 20Y3 favorable or unfavorable? Favorable year

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