Asset turnover ratio Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow 23 202 $1,562,000 Sales $1,884,000 Total assets Beginning of 770,000 650,000 year End of year 800,000 770,000 a. Determine the asset turnover ratio for 20Y3 and 20Y2. Round answers to one decimal place 203 20Y2 Asset turnover b. Is the change in the asset turnover ratio from 20Y2 to 20Y3 favorable or unfavorable