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Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow: 2019 2018 Sales $739,500 $670,000 Total assets: Beginning of year
Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow:
| 2019 | 2018 | ||
| Sales | $739,500 | $670,000 | |
| Total assets: | |||
| Beginning of year | 380,000 | 290,000 | |
| End of year | 490,000 | 380,000 | |
a. Determine the asset turnover for 2019 and 2018. Round your answers to one decimal place.
| 2019 | 2018 | |
| Ratio of sales to assets |
b. Does the change in the asset turnover from 2018 to 2019 indicate a favorable or an unfavorable trend?
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