help please to solve it. I just need to make sure I did mine right....
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Accounting
help please to solve it. I just need to make sure I did mine right. thank you!
Assume that the inventory shrink OBJ.5 EE 6-7 PE 6-7A Ratio of sales to assets Financial statement data for years ending December 31 for Latchkey Company follows: 2016 $1,734,000 2015 $1,645,000 Sales Total assets Beginning of year 480,000 540,000 460,000 480,000 End of year a. Determine the ratio of sales to assets for 2016 and 2015. b. Does the change in the ratio of sales to assets from 2015 to 2016 indicate a favorable or an unfavorable trend? OR
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