PE 6-7A Ratio of net sales to assets
The following financial statement data for years ending December 31 for Foodworks Company are shown below.
| 2012 | 2011 | |
| Net sales | $880,000 | $787,500 |
| Total assets: | ||
| Beginning of year | 500,000 | 375,000 |
| End of year | 600,000 | 500,000 |
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 unfavorable trend?
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