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The following financial statement data for years ending December 31 for Foodworks Company are shown below. 2014 2013 Net sales $952,000 $720,000 Total assets: Beginning
The following financial statement data for years ending December 31 for Foodworks Company are shown below. 2014 2013 Net sales $952,000 $720,000 Total assets: Beginning of year 510,000 390,000 End of year 610,000 510,000 a. Determine the ratio of net sales to assets for 2014 and 2013. Round your answers to one decimal place.
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