Question: The following financial statement data for years ending December 31 for Foodworks 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 Foodworks 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?

2012 2011 Net sales $880,000 $787,500 Total assets: Beginning of year 500,000 375,000 End of year 600,000 500,000

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