The following financial statement data for years ending December 31 for Foodworks Company are shown below. a.

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The following financial statement data for years ending December 31 for Foodworks Company are shown below.

The following financial statement data for years ending December 31 115452

a. Determine the ratio of net sales to assets for 2012 and 2011.
b. Does the change in the ratio of net sales to assets from 2011 to 2012 indicate a favorable or an unfavorabletrend?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Question Posted: May 07, 2012 04:42 AM

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The following financial statement data for years ending December 31 for Foodworks Company are shown below. a.

Question:

2012 2011 Net sales Total assets: $880,000 787,500 Beginning of year End of year 500,000 600,000 375,000 500,000

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