Question: The following financial statement data for years ending December 31 for Beading Company are shown below.a. Determine the ratio of net sales to assets for

The following financial statement data for years ending December 31 for Beading Company are shown below.a. Determine the ratio of net sales to assets for 2012 and 2011.b. Does the change in the ratio of net sales to assets from 2011 to 2012 indicate a favorable or an unfavorabletrend?

2011 2012 Net sales $475,000 $675,000 Total assets: Beginning of year 200,000 180,000 250,000 End of year 200,000

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