Homework Answers
| 1) | Assets Turnover Ratio = Sales / average Assets | |||
| Reser | Trent | |||
| = $22653/21188 | = $33812/36167 | |||
| =1.07 times | =0.93 times | |||
| 2) | Return On Assets = Net Income / Average Assets | |||
| Reser | Trent | |||
| = $965/21188 | = $1271/36167 | |||
| =4.6 % | =3.5 % | |||
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Exercise 234 The following information is available from the annual reports of Reser Company and Trent...
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Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.70 billion,...
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.70 billion, ending total assets of $32.30 billion, net sales of $22.94 billion, and net income of $4.96 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
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Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending...
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Brief Exercise 222 Selected data from the Florida Fruit Company are presented below: Total assets Average total assets Net income Net sales Average common stockholders' equity Net cash provided by operating activities $1,500,000 1,850,000 175,000 1,300,000 1,000,000 275,000 Assuming that no dividends were declared or paid during the period. Calculate the profit margin. (Round answer to 1 decimal place, e.g. 15.2%.) Profit margin Compute asset turnover. (Round answer to 2 decimal places, e.g. 0.25.) times Asset turnover Compute return on...
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Brief Exercise 9-10 Your answer is partially correct. Try again. Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $28.55 billion, ending total assets of $31.45 billion, net sales of $22.80 billion, and net income of $4.26 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets .142 % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's...
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