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Asset turnover ratio Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow: 2013 2012 Sales $2,254,000 $1,859,000 Total assets:

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Asset turnover ratio Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow: 2013 2012 Sales $2,254,000 $1,859,000 Total assets: Beginning of 780,000 650,000 year End of year 830,000 780,000 a. Determine the asset turnover ratio for 2013 and 2042. Round answers to one decimal place. 2013 2012 Asset turnover b. Is the change in the asset turnover ratio from 20Y2 to 20Y3 favorable or unfavorable

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