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
Answer
Net sales are $3294000, beginning total assets are $1414000, and the asset turnover is 4 times....
QUESTION 19 During 2017. Sanchez Corp. had net sales of $16,400,000. The beginning total assets were $8,900,000. The asset turnover ratio was 1.7 times. Calculate the ending total assets of Sanchez $15,652,941 $10,394,118 58,900,000 $6,752,941
QUESTION 19 During 2017, Sanchez Corp. had net sales of $16,400,000. The beginning total assets were $8,900,000. The asset turnover ratio was 1.7 times. Calculate the ending total assets of Sanchez $15,652,941 $10,394,118 $8,900,000 $6,752,941
QUESTION 14 Return on assets is 12% and the total asset turnover is 1.8 times. If net income is $14.3 million, determine the firm's sales. $198.3 million $211.1 million $214.5 million $138.9 million none of these
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...
Asset Turnover measures the percent of sales you are able to generate from your assets. Asset Turnover reflects the level of capital we have tied-up in assets and how much sales we can squeeze out of our assets. If sales for the year were $ 480,000, beginning total assets was $ 505,000 and year-end total assets are $ 495,000. What is the asset turnover rate?
Asset Turnover measures the percent of sales you are able to generate from your assets. Asset Turnover reflects the level of capital we have tied-up in assets and how much sales we can squeeze out of our assets. If sales for the year were $ 480,000, beginning total assets was $ 505,000 and year-end total assets are $ 495,000. What is the asset turnover rate?
PXG Co. has total assets of $9,500,000 and a total asset turnover of 2.45 times. Assume the return on assets is 11 percent.What is its profit margin?
PXG Co. has total assets of $9,100,000 and a total asset turnover of 2.41 times. Assume the return on assets is 11 percent. What is the profit margin?
The Griggs Corporation has credit sales of $845,250 2.45 times Total assets turnover Cash to total assets Accounts receivable turnover Inventory turnover Current ratio Debt to total assets 2.00 % 10 times 12 times 1.86 times 35 % Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole number.) GRIGGS CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity Current debt Cash Accounts receivable Inventory Long-term dett Total debt Total current assets Fixed assets Equity Total...
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%