Asset turnover ratio Financial statement data for years ended December 31, 2013 and 2012, for Edison Company follow: 20Y3 20Y2 Sales $2,415,000 $2,073,500 Total assets: Beginning of year End of year 770,000 660,000 840,000 770,000 a. Determine the asset turnover ratio for 20Y3 and 2072. Round answers to one decimal place. 2013 2012 Asset turnover b. Is the change in the asset turnover ratio from 2012 to 2013 favorable or unfavorable? Favorable