Use the following information to calculate total asset turnover and return on asset. Net income:$15.0 million...
Use the following information to calculate total asset turnover and return on asset. Net income:$15.0 million Sales: $68.0 million Total Assets at the beginning of the year:$14.6 million Total Assets at the end of the year: $17.1 million The total asset turnover and return on assets are:
Select one:
a. 4.53 and 95%
b. 4.29 and 95%
c. 4.29 and 9.5%
d. 3.98 and 88%
Homework Answers
Answer: b. 4.29 and 95%
Explanation
| Total Asset Turnover ($ in million) | |||||
| Net Sales | / | Average Total Assets | = | Total Asset Turnover | |
| $ 68.00 | / | [($14.60 + $17.1) / 2] | = | 4.29 | |
| Return on Total Assets ($ in million) | |||||
| Operating income | / | Average assets | = | Return on Total Assets | |
| $ 15.00 | / | [($14.60 + $17.1) / 2] | = | 95% | |
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Use the following information to calculate total asset turnover
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Question H Calculate Company Y's total asset turnover based on the following information for the current...
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Can someone help me with this one? I need the following - •Asset Turnover: •Return on...
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•Asset Turnover:
•Return on total assets:
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•P/E Ratio:
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Question H Calculate Company Y's total asset turnover based on the following information for the current year: (Round your final answer to two decimal places.) Net income $200,000 $110,000 $100,000 $500,000 Assets at the beginning of the year Assets at the end of the year Net sales O A. 4.55 O B. 5.00 O C. 4.76 O D. 1.90
Can someone help me with this one? I need
the following
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•Asset Turnover:
•Return on total assets:
•Return on stockholders’ equity:
•Return on common stockholders’ equity:
•EPS on common stock:
•P/E Ratio:
•Dividends per share:
•Dividend yield:
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Suppose during 2022 that Federal Express
reported the following information (in millions): net sales of
$34,750 and net income of $95. Its balance sheet also showed total
assets at the beginning of the year of $24,650 and total assets at
the end of the year of $23,300.
Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover times Return on assets
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