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Q18 GUES Asset turnover ratio Financial statement data for years ended December 31, 2013 and 2012, for Edison Company follow: 2013 2012 Sales $2,370,000 $1,946,000

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GUES Asset turnover ratio Financial statement data for years ended December 31, 2013 and 2012, for Edison Company follow: 2013 2012 Sales $2,370,000 $1,946,000 Total assets: Beginning of year 750,000 640,000 End of year 830,000 750,000 a. Determine the asset turnover ratio for 2013 and 2012. Round answers to one decimal place. 20Y3 2012 Asset turnover b. Is the change in the asset turnover ratio from 20Y2 to 20Y3 favorable or unfavorable

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