financial statement data for the years ending december 31, 20y3 and 20y2, for lawson company follow: 20y3 20y2 sales $602,000 $416,000 total assets: beginning of year 360,000 280,000 end of year 500,000 360,000 a. determine the asset turnover for 20y3 and 20y2. round your answers to one decimal place. 20y3 20y2 asset turnover fill in the blank 1 fill in the blank 2 b. is the change in the asset turnover from 20y2 to 20y3 favorable or unfavorable?
