Using the information below to answer the following parts A and B. Round to 2 decimal places. 2018 2017 2016 Total assets 22,536 23,259 21,396 Sales 36,397 34,350 32,376 A. Calculate the Asset turnover for 2017 and 2018. B. Is the change from 2017 to 2018 favorable or unfavorable? Explain your answer.

Using the information below to answer the following parts A and B. Round to 2 decimal places. 2018 2017 2016 Total assets 22,536 23,259 21,396 Sales 36,397 34,350 32,376 A. Calculate the Asset turnover for 2017 and 2018. B. Is the change from 2017 to 2018 favorable or unfavorable? Explain your answer.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Using the information below to answer the following parts A and B. Round to 2 decimal places.

	2018	2017	2016
Total assets	22,536	23,259	21,396
Sales	36,397	34,350	32,376

A. Calculate the Asset turnover for 2017 and 2018.

B. Is the change from 2017 to 2018 favorable or unfavorable? Explain your answer.

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