Homework Answers
Please provide rating..
| Total asset = | 5,160,000 | |||
| Asset turnover = | Total sales/Total asset | |||
| Asset turnover = | 2.1 | |||
| Total sales = 2.1*5160000 | 10,836,000 | |||
| Return on asset = | Net income/Total asset | |||
| Return on asset = | 9% | |||
| Net income = Total asset * Return on asset | ||||
| Net income = 9%*5160000 | 464,400 | |||
| Profit margin = Net income / Total sale | ||||
| Profit margin = 464400/10836000 | 4.29% | |||
| Therefore Profit margin = 4.29% | ||||
Add Answer to:
Billy's Crystal Stores Inc. has assets of $5,160,000 and turms over its assets 2.1 times per...
value: 20.00 points Billy's Crystal Stores Inc. has assets of $5,360,000 and turns over its assets...
value: 20.00 points Billy's Crystal Stores Inc. has assets of $5,360,000 and turns over its assets 2.3 times per year. Return on assets is 4 percent. What is the firm's profit margin (return on sales)? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Profit margin
Jerry Rice and Grain Stores has $4,880,000 in yearly sales. The firm earns 3 percent on...
Jerry Rice and Grain Stores has $4,880,000 in yearly sales. The firm earns 3 percent on each dollar of sales and turns over its assets 2.8 times per year. It has $196,000 in current liabilities and $359,000 in long-term liabilities. a. What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity b. If the asset base remains the same as computed in part...
Jerry Rice and Grain Stores has $4,920,000 in yearly sales. The firm earns 4.5 percent on...
Jerry Rice and Grain Stores has $4,920,000 in yearly sales. The firm earns 4.5 percent on each dollar of sales and turns over its assets 2.5 times per year. It has $127,000 in current liabilities and $327,000 in long-term liabilities. a. What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity b. If the asset base remains the same as computed in part...
Jerry Rice and Grain Stores has $4,800,000 in yearly sales. The firm earns 3 percent on...
Jerry Rice and Grain Stores has $4,800,000 in yearly sales. The firm earns 3 percent on each dollar of sales and turns over its assets 3.5 times per year. It has $120,000 in current liabilities and $310,000 in long-term liabilities. a. What is its return on stockholders’ equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity 15.30 % CORRECT b. If the asset base remains the...
Jerry Rice and Grain Stores has $4,000,000 in yearly sales. The firm earns 3.5 percent on...
Jerry Rice and Grain Stores has $4,000,000 in yearly sales. The firm earns 3.5 percent on each dollar of sales and turns over its assets 4 times per year. It has $143,000 in current liabilities and $308,000 in long-term liabilities. a. What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity b. If the asset base remains the same as computed in part...
Network Communications has total assets of $1,430,000 and current assets of $645,000. It turns over its...
Network Communications has total assets of $1,430,000 and current assets of $645,000. It turns over its fixed assets two times a year. It has $376,000 of debt. Its return on sales is 5 percent. What is its return on stockholders’ equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity %
Dimeback Co. has total assets of $9,900,000 and a total asset turnover of 2.49 times. Assume...
Dimeback Co. has total assets of $9,900,000 and a total asset turnover of 2.49 times. Assume the return on assets is 11 percent. What is the company's sales? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Sales $ What is the company's net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $ What is its profit margin? (Do not round intermediate...
Check my won 2. Jerry Rice and Grain Stores has $4.240,000 in yearly sales. The firm...
Check my won 2. Jerry Rice and Grain Stores has $4.240,000 in yearly sales. The firm earns 5 percent on each dollar of sales and turns over its assets 2.5 times per year. It has $141.000 in current liabilities and $397000 in long-term liabilities a. What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places) book Rebum on stockholders' equity Pri b. If the asset base remains...
Magic Flutes has total receivables of $4,000, which represent 20 days' sales. Total assets are $80,000....
Magic Flutes has total receivables of $4,000, which represent 20 days' sales. Total assets are $80,000. The firm's operating profit margin is 5.50%. Assume a 365-day year. a. What is the firm's sales-to-assets ratio? (Round your answer to 2 decimal places.) Sales-to-asset ratio b. What is the firm's return on assets? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Return on assets %
Using the income statement for Times Mirror and Glass Co., compute the following ratios TIMES MIRROR...
Using the income statement for Times Mirror and Glass Co., compute the following ratios TIMES MIRROR AND GLASS Co Income Statement Sales Cost of goods sold Gross profit Selling and administrative expense Lease expense Operating profit Interest expense Earnings before taxes Taxes (30%) Earnings after taxes "Equals income before interest and taxes $235,000 121,000 $114,000 47,500 15,000 $51,500 6,900 $44,600 17,840 $ 26,760 a.Compute the interest coverage ratio. (Round your answer to 2 decimal places.) Interes coverage times b.Compute the...
value: 20.00 points Billy's Crystal Stores Inc. has assets of $5,360,000 and turns over its assets 2.3 times per year. Return on assets is 4 percent. What is the firm's profit margin (return on sales)? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Profit margin
Jerry Rice and Grain Stores has $4,880,000 in yearly sales. The firm earns 3 percent on each dollar of sales and turns over its assets 2.8 times per year. It has $196,000 in current liabilities and $359,000 in long-term liabilities. a. What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity b. If the asset base remains the same as computed in part...
Jerry Rice and Grain Stores has $4,920,000 in yearly sales. The firm earns 4.5 percent on each dollar of sales and turns over its assets 2.5 times per year. It has $127,000 in current liabilities and $327,000 in long-term liabilities. a. What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity b. If the asset base remains the same as computed in part...
Jerry Rice and Grain Stores has $4,000,000 in yearly sales. The firm earns 3.5 percent on each dollar of sales and turns over its assets 4 times per year. It has $143,000 in current liabilities and $308,000 in long-term liabilities. a. What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity b. If the asset base remains the same as computed in part...
Check my won 2. Jerry Rice and Grain Stores has $4.240,000 in yearly sales. The firm earns 5 percent on each dollar of sales and turns over its assets 2.5 times per year. It has $141.000 in current liabilities and $397000 in long-term liabilities a. What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places) book Rebum on stockholders' equity Pri b. If the asset base remains...
Magic Flutes has total receivables of $4,000, which represent 20 days' sales. Total assets are $80,000. The firm's operating profit margin is 5.50%. Assume a 365-day year. a. What is the firm's sales-to-assets ratio? (Round your answer to 2 decimal places.) Sales-to-asset ratio b. What is the firm's return on assets? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Return on assets %
Using the income statement for Times Mirror and Glass Co., compute the following ratios TIMES MIRROR AND GLASS Co Income Statement Sales Cost of goods sold Gross profit Selling and administrative expense Lease expense Operating profit Interest expense Earnings before taxes Taxes (30%) Earnings after taxes "Equals income before interest and taxes $235,000 121,000 $114,000 47,500 15,000 $51,500 6,900 $44,600 17,840 $ 26,760 a.Compute the interest coverage ratio. (Round your answer to 2 decimal places.) Interes coverage times b.Compute the...
Most questions answered within 3 hours.
-
could you please help me to explain the nmr splitting
integration and chemical shift and assignment...
asked 44 seconds ago -
Organizations may have only a few products or many products in a
product line. Consider Campbell...
asked 4 minutes ago -
A
29.0 cm diameter coil consists of 23 turns of cylindrical copper
wire 2.00 mm in...
asked 6 minutes ago -
(1) Write the net ionic equation for the reaction that occurs
when equal volumes of 0.191...
asked 12 minutes ago -
Q1
Two of your friends each received the results of their
first midterm exam this term....
asked 23 minutes ago -
A 0.500-kg object, suspended from an ideal spring of spring
constant 30.2 N/m, is oscillating vertically....
asked 21 minutes ago -
Please help and show work. I keep getting the wrong answers for
these problems
1. Cell...
asked 19 minutes ago -
If there is a SNP in the read with respect to the
reference genome, how would a...
asked 21 minutes ago -
Early black-and-white television sets used an electron beam to
draw a picture on the screen. The...
asked 24 minutes ago -
What is the standard error of M (denoted as
σM ) ?
Options:
The mean of...
asked 47 minutes ago -
Explain the role of n, the sample size, in determining the size
of a generated confidence...
asked 36 minutes ago -
Kelsey Drums, Inc., is a well-established supplier of fine
percussion instruments to orchestras all over the...
asked 51 minutes ago