Ans:
The formula to compute the average total assets = (Opening Assets + Closing Assets)/ 2
So in the instant case the average total assets = $ (1.06 + 1.46)/2 = $ 1,26 million.
So the correct answer is $ 1.26 million.
Carducci Corporation reported net sales of $3.44 million and beginning total assets of $1.06 million and...
During 2017, Flint Corporation reported net sales of $2000000, net income of $860000, and depreciation expense of $150000. Flint also reported beginning total assets of $1010000, ending total assets of $1340000, plant assets of $590000, and accumulated depreciation of $750000. Flint’s asset turnover (rounded) is a. 1.70 times. b. 1.98 times c. 0.78 times. d. 1.49 times.
Analyze Fixed Assets At December 31, 2013, Clark Corporation reported beginning net fixed assets of $94,150, ending net fixed assets of $103,626, accumulated depreciation of $49,133, net sales of $212,722, and depreciation expense of $12,315. Required: Compute Clark Corporation's fixed asset turnover ratio and the average age of its fixed assets. (Note: Round answers to two decimal places.) Fixed asset turnover ratio times Average age of fixed assets years
Corporation reported beginning and ending total assets of $ 25 comma 000 and $ 22 comma 000, respectively. Its net sales for the year were $ 18 comma 800. What was Liberty's asset turnover ratio?
Brad's BBQ reported sales of $780,000 and net income of $32,500. Brad’s also reported ending total assets of $499,000 and beginning total assets of $392,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ.
Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070. The profit margin is: Multiple Choice 1.58% 6.31% 84.16% 631.0% 15.84% < Prey 25 of 36 1 Next > to search O SAMSUNG
Net sales are $3294000, beginning total assets are $1414000, and the asset turnover is 4 times. What is the ending total asset balance? $1414000 $915000 $416000 $1514000
Martinez Corporation reported net sales of $772,000, net income of $135,000, and total assets of $7,704,279. The profit margin is:
Brad's BBQ reported sales of $810,000 and net income of $35,500. Brad's also reported ending total assets of $501,000 and beginning total assets of $394,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator - Choose Denominator Return on Assets Return on assets .
Canberry Corporation had net income of $92.000, beginning total assets of $712,000 and ending total assets of $640,000. Its return on total assets is: Multiple Choice 13.6% O 12.9% O 696% 774% 14.4% < Prex 24 of 36 HR Next > re to search O SAMSUNG
Brad's BBQ reported sales of $871,500 and net income of $43,000. Brad’s also reported ending total assets of $506,000 and beginning total assets of $399,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. RETURN ON ASSETS CHOOSE NUMERATOR + CHOOSE DENOMINATOR = RETURN ON ASSETS ___________________+_______________________=_____________________ ___________________+_______________________=_____________________ PROFIT MARGIN CHOOSE NUMERATOR + CHOOSE DENOMINATOR = RETURN ON ASSETS ___________________+_______________________=_____________________ ___________________+_______________________=_____________________