The following financial statement data for years ending December 31 for Latchkey Company are shown below. a.
Question:
a. Determine the ratio of net sales to assets for 2014 and 2013.
b. Does the change in the ratio of net sales to assets from 2013 to 2014 indicate a favorable or an unfavorabletrend?
Transcribed Image Text:
2014 2013 Net sales Total assets: $1,734,000 $1,645,000 480,000 460,000 540,00 480,000 Beginning of year End of year
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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