Question
he following financial statement data for years ending December 31 for Foodworks Company are shown below. 2016 2015 Sales $1,039,500 $836,000 Total assets: Beginning of
he following financial statement data for years ending December 31 for Foodworks Company are shown below.
| 2016 | 2015 | ||
| Sales | $1,039,500 | $836,000 | |
| Total assets: | |||
| Beginning of year | 430,000 | 330,000 | |
| End of year | 560,000 | 430,000 | |
a. Determine the ratio of sales to assets for 2016 and 2015. Round your answers to one decimal place.
| 2016 | 2015 | |
| Ratio of sales to assets |
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Auditing Principles
Authors: Nformi Eugene Tawe
1st Edition
3330651032, 978-3330651036
