Ratio of net sales to assets
The following financial statement data for years ending December 31 for Edison Company are shown below.
| 2014 | 2013 | |
| Net sales | $1,884,000 | $1,562,000 |
| Total assets: | ||
| Beginning of year | 770,000 | 650,000 |
| End of year | 800,000 | 770,000 |
a. Determine the ratio of net sales to assets for 2014 and 2013.
b. Does the change in the ratio of net sales to assets from 2013 to 2014 indicate a favorable or an unfavorable trend?
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