Homework Answers
| Fixed asset turnover ratio indicates efficiency with which fixed asset are used to generate sales revenue. | |||||
| Formula to calculate fixed asset turnover ratio | |||||
| Fixed asset turnover ratio | Net revenue/Average fixed assets | ||||
| Calculation of average fixed assets | |||||
| Average fixed assets | (Beginning fixed assets+Ending fixed assets)/2 | ||||
| 2014 | (9080+4930)/2 | $7,005 | |||
| 2015 | (15590+9080)/2 | $12,335 | |||
| 2016 | (16200+15590)/2 | $15,895 | |||
| Calculation of fixed asset turnover ratio for each of the year is shown below | |||||
| 2014 | 131559/7005 | 18.8 | |||
| 2015 | 183500/12335 | 14.9 | |||
| 2016 | 191920/15895 | 12.1 | |||
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E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Pe [LO 9-7)...
E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7)...
E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7) The following data were included in a recent Papaya Inc. annual report (in millions): 2013 $80,225 2014 $133,119 2015 $185,500 2016 $194,910 Net revenue Net property, plant, and equipment 4,940 9,180 15,600 16,400 Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Year Asset Turnover Ratio 2014...
The following data were Included In a recent Papaya Inc. annual report (In millions) 2014 2013 2015 2016 $175, 910 14,...
The following data were Included In a recent Papaya Inc. annual report (In millions) 2014 2013 2015 2016 $175, 910 14, B00 $74, 225 4, BB0 Net revenue $122,849 B,580 $173,500 15,540 Net property, plant, and equipment Required: 1. Compute Papaya's fixed asset turnover ratlo for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset Year Turnover Ratio 2014 2015 2016 2 During 2016, Mellow reported a fixed asset turnover ratio...
The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014...
The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue $ 85,225 $ 125,119 $ 169,500 $ 174,910 Net property, plant, and equipment 4,990 9,680 15,650 17,500 Required: Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
E9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of...
E9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families: $1,104 Equipment 739 Goodwill Accounts Receivable Accumulated Amortization $ 484 589 Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents 494 Inventories 344 34 Land 234 Licensing Rights 674 Prepaid Rent 12 1,861 349...
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions...
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $3,168 $19,256 $29,138 $3,384 Fiscal Year 2015 2,981 21,381 27,541 2,946 Fiscal Year 2014 2,551 16,735 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions...
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $4,224 $25,675 $38,851 $4,512 Fiscal Year 2015 3,613 25,916 36,721 3,928 Fiscal Year 2014 3,401 22,313 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...
E9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of...
E9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and familles: $ 584 36 Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,132 Equipment 759 Goodwill 514 Inventories 41 Land 254 Licensing Rights 694 Prepaid Rent 1.49 369 Required: 1....
The following data were included in a recent Papaya Inc. annual report (in millions): 2012 $80,225...
The following data were included in a recent Papaya Inc. annual report (in millions): 2012 $80,225 $133,119 $185,500 15,600 2010 2011 2013 $194,910 16,400 Net revenue Net property, plant, and equipment 4,940 9,180 Required: 1. Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset Year Turnover Ratio 2011 2012 2013
Exercise 10-13 Fixed-asset turnover ratio [LO10-5] Techvidia Corporation, a global technology company located in Santa Clara,...
Exercise 10-13 Fixed-asset turnover ratio [LO10-5] Techvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2016 financial statements ($ in millions): 2016 2015 Balance sheets Property, plant, and equipment (net) $ 490 $ 595 Income statement Net sales for 2016 $ 5,170 Required: 1. Calculate the company’s 2016 fixed-asset turnover ratio Fixed-asset Turnover Ratio Choose Numerator: / Choose Denominator: = Fixed-asset Turnover Ratio / = Fixed-asset Turnover Ratio / = 0 times
. THis shows what is correct or incorrect for the work you have completed so far...
. THis shows what is correct or incorrect for the work you have completed so far It does no completion The following data were included in a recent Papaya Inc. a Net revenue Net property, plant, and equipment $70,225 $116,119 $165,500 $164,910 4,840 8,180 15,500 14,000 Required 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculat Round your answers to 1 decimal place.) Answer is complete but not entirely correct. Fixed Asset...
E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7) The following data were included in a recent Papaya Inc. annual report (in millions): 2013 $80,225 2014 $133,119 2015 $185,500 2016 $194,910 Net revenue Net property, plant, and equipment 4,940 9,180 15,600 16,400 Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Year Asset Turnover Ratio 2014...
The following data were Included In a recent Papaya Inc. annual report (In millions) 2014 2013 2015 2016 $175, 910 14, B00 $74, 225 4, BB0 Net revenue $122,849 B,580 $173,500 15,540 Net property, plant, and equipment Required: 1. Compute Papaya's fixed asset turnover ratlo for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset Year Turnover Ratio 2014 2015 2016 2 During 2016, Mellow reported a fixed asset turnover ratio...
E9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families: $1,104 Equipment 739 Goodwill Accounts Receivable Accumulated Amortization $ 484 589 Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents 494 Inventories 344 34 Land 234 Licensing Rights 674 Prepaid Rent 12 1,861 349...
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $3,168 $19,256 $29,138 $3,384 Fiscal Year 2015 2,981 21,381 27,541 2,946 Fiscal Year 2014 2,551 16,735 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $4,224 $25,675 $38,851 $4,512 Fiscal Year 2015 3,613 25,916 36,721 3,928 Fiscal Year 2014 3,401 22,313 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...
E9-1 Preparing a Classified Balance Sheet [LO 9-1, LO 9-7] The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and familles: $ 584 36 Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,132 Equipment 759 Goodwill 514 Inventories 41 Land 254 Licensing Rights 694 Prepaid Rent 1.49 369 Required: 1....
The following data were included in a recent Papaya Inc. annual report (in millions): 2012 $80,225 $133,119 $185,500 15,600 2010 2011 2013 $194,910 16,400 Net revenue Net property, plant, and equipment 4,940 9,180 Required: 1. Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset Year Turnover Ratio 2011 2012 2013
. THis shows what is correct or incorrect for the work you have completed so far It does no completion The following data were included in a recent Papaya Inc. a Net revenue Net property, plant, and equipment $70,225 $116,119 $165,500 $164,910 4,840 8,180 15,500 14,000 Required 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculat Round your answers to 1 decimal place.) Answer is complete but not entirely correct. Fixed Asset...
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