Chapter 6 Study Guide (Bonus Points) Q-6

Ratio of Sales to Assets

Financial statement data for years ending December 31 for Edison Company follows:

Sales	2016	2015
Total Assets:	$1,884,000	$1,562,000
Beginning or year	770,000	650,000
End of year	800,000	770,000

a. Determine the ratio of sales to assets for 2016 and 2015. Round your answers to one decimal place.

Ratio of sales to assets

2016	2015