Calculator asset turnover ratio financial statement data for years ended december 31, 20y3 and 20y2, for edison company follow: 20y3 20y2 sales $2,093,000 $1,716,000 total assets: beginning of year 760,000 670,000 end of year 850,000 760,000

a. determine the asset turnover ratio for 20y3 and 20y2. round answers to one decimal place. 20y3 20y2 asset turnover
b. is the change in the asset turnover ratio from 20y2 to 20y3 favorable or unfavorable?

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answer; intellectual property protection;

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