Asset turnover ratio Financial statement data for years ended December 31, 2023 and 20Y2, for Edison Company follow: 2013 20Y2 Sales $1,694,000 $1,438,500 Total assets: Beginning of 730,000 640,000 year End of year 810,000 730,000 a. Determine the asset turnover ratio for 20Y3 and 20Y2. Round answers to one decimal place. 2013 20Y2 Asset turnover b. Is the change in the asset turnover ratio from 2012 to 20Y3 favorable or unfavorable? Favorable