Solution-Determine the ratio of net sales to assets

Determine the ratio of net sales to assets

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Reference no: EM132680184

Problem - 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

Required -

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?

Reference no: EM132680184

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Determine the ratio of net sales to assets

Reference no: EM132680184

Reference no: EM132680184

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