Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow:   2019 2018 Sales $954,000 $850,000 Total assets:       Beginning of year 480,000 370,000   End of year 580,000 480,000 a.  Determine the asset turnover for 2019 and 2018. Round your answers to one decimal place.   2019 2018 Ratio of sales to assets

Question

Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow:

  2019 2018
Sales $954,000 $850,000
Total assets:    
  Beginning of year 480,000 370,000
  End of year 580,000 480,000

a.  Determine the asset turnover for 2019 and 2018. Round your answers to one decimal place.

  2019 2018
Ratio of sales to assets    

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