Asset turnover ratio Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow:
20Y3 20Y2
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 asset turnover ratio for 20Y3 and 20Y2. Round answers to one decimal place.
20Î¥3 20Y2
Asset
turnover
b. Is the change in the asset turnover ratio from 20Y2 to 20Y3 favorable or unfavorable?

Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent

The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.

What happens when a bank is required to hold more money in reserve?