Asset Turnover

Financial statement data for the years ending December 31, 20Y3 and 20Y2, for Lawson Company follow:

		20Y3	20Y2
Sales		$1,062,500	$909,000
Total assets:
	Beginning of year	570,000	440,000
	End of year	680,000	570,000

a. Determine the asset turnover for 20Y3 and 20Y2. Round your answers to one decimal place.

	20Y3	20Y2
Asset turnover