Calculator asset turnover ratio financial statement data for years ended december 31, 20y3 and 20y2, for edison company follow: 20y3 20y2 sales $2,093,000 $1,716,000 total assets: beginning of year 760,000 670,000 end of year 850,000 760,000

a. determine the asset turnover ratio for 20y3 and 20y2. round answers to one decimal place. 20y3 20y2 asset turnover
b. is the change in the asset turnover ratio from 20y2 to 20y3 favorable or unfavorable?

Ultravision inc. anticipates sales of $280,000 from january through april. materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of january, february, march, and april. materials are paid for one month after the month purchased. materials purchased in december of last year were $24,000 (half of $48,000 in sales). labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in february and april. the labor figures are: january $14,000 february 17,000 march 14,000 april 19,000 fixed overhead is $10,000 per month. prepare a schedule of cash payments for january through april. (assume the $280,000 of sales occur equally over the four months of january through april, i. e. monthly sales = $280,000 / 4.)