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Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow: 2019 2018 Sales $1,501,500 $1,045,000 Total assets: Beginning of year
Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow:
| 2019 | 2018 | ||
| Sales | $1,501,500 | $1,045,000 | |
| Total assets: | |||
| Beginning of year | 620,000 | 480,000 | |
| End of year | 810,000 | 620,000 | |
a. Determine the asset turnover for 2019 and 2018. Round your answers to one decimal place.
| 2019 | 2018 |
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Authors: Pass For Life
1st Edition
108127705X, 978-1081277055
