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Asset Tumover Financial statement data for the years ending December 31, 20Y3 and 20Y2, for Linstrum Company follow: a. Determine the asset turnover for 20Y3

image text in transcribedimage text in transcribed Asset Tumover Financial statement data for the years ending December 31, 20Y3 and 20Y2, for Linstrum Company follow: a. Determine the asset turnover for 20Y3 and 20V2. Round your answers to one decimal place. b. Is the change in the asset tumover from 20 Y 2 to 20Y3 favorable or unfavorable? Customer Refunds and Allowances Assume the following data for Casper Company before its year-end adjustments: Journalize the adjusting entry for customer refunds and allowances. If an amount box does not require an entry, leave it blank

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