Homework Answers
Given
Sales for the year = $ 67,50,000
Average capital = $ 22,50,000
Asset turnover ratio = sales / average assetsof the year
= $ 6750,000 / $ 2,250,000
= 3
So the correct option is B
Add Answer to:
The following information is available for the Northern Company: Sales for year $6,750,000 Average invested $2,250,000...
3. The following data pertain to Napal Company for 20x1 Sales revenue Cost of goods sold...
3. The following data pertain to Napal Company for 20x1 Sales revenue Cost of goods sold Operating expenses Average invested capital $1,000,000 550,000 400,000 500,000 Required: A. Calcul B. If the sal expenses have to be reduced in 20x2 to achieve a 15% return on investment? ate the company's sales margin, capital turnover, and return on investment for 20x1. es and average invested capital remain the same, to what level would total costs and C. Assume that costs and expenses...
Exercise 234 The following information is available from the annual reports of Reser Company and Trent...
Exercise 234 The following information is available from the annual reports of Reser Company and Trent Company (Amounts in millions) Net Income Sales Total Assets (average) Reser $965 22,653 21,188 Trent $1,271 33,812 36,167 (a) Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal places, e.g. 15.2%.) Reser Trent 1. Asset turnover ratio times times 2. Return on assets
The following information regarding Baron Company is available: Sales$264,000 Cost of sales$99,000 Operating expenseA Operating earnings$66,000...
The following information regarding Baron Company is available: Sales$264,000 Cost of sales$99,000 Operating expenseA Operating earnings$66,000 Average invested capital$660,000 ROIB Return on salesC Capital turnoverD Compute the answers for items A–D.
The following information is available for the Adam Company: Sales &
The following information is available for the Adam Company: Sales $1,000,000 Invested capital 250,000 ROI 20% The net income is _____. Group of answer choices a) $62,500 b) $750,000 c) $200,000 d) $50,000
BARR reported the following 2019 financial information: Sales = $5,200,000; Contribution margin = $600,000; Segment income...
BARR reported the following 2019 financial information: Sales = $5,200,000; Contribution margin = $600,000; Segment income = $430,000; Average investment = $1,000,000; The company's cost of capital was 12%. -The segment profit margin ratio (return on sales) is? -The asset turnover is? -The return on investment (ROI) for the BARR is? -Residual income for the BARR is?
Coolbrook Company has the following information available for the past year: River Division Stream Division Sales...
Coolbrook Company has the following information available for the past year: River Division Stream Division Sales revenue $ 1,206,000 $ 1,808,000 Cost of goods sold and operating expenses 898,000 1,297,000 Net operating income $ 308,000 $ 511,000 Average invested assets $ 1,150,000 $ 1,460,000 The company’s hurdle rate is 6.01 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. 2. Recalculate ROI and residual income for the division for each independent...
The following information was available for the year ended December 31, 2019: Sales $ 500,000 Net...
The following information was available for the year ended December 31, 2019: Sales $ 500,000 Net income 71,700 Average total assets 800,000 Average total stockholders' equity 375,000 Dividends per share 1.35 Earnings per share 3.00 Market price per share at year-end 28.20 Required: Calculate margin, turnover, and ROI for the year ended December 31, 2019. Calculate ROE for the year ended December 31, 2019. Calculate the price/earnings ratio for 2019. Calculate the dividend payout ratio for 2019. Calculate the dividend...
Stevenson has operating income of $99,000, sales of $660,000, and $550,000 in invested assets. The company...
Stevenson has operating income of $99,000, sales of $660,000, and $550,000 in invested assets. The company has established a minimum rate of return of 15%. What is Stevenson’s profit margin? A. 15% B. 7.5% C. 18% D. 20% E. none of these QUESTION 25 Stevenson has operating income of $99,000, sales of $660,000, and $550,000 in invested assets. The company has established a minimum rate of return of 15%. What is Stevenson’s investment turnover? A. 1.0 B. none of these...
The following information was available for the year ended December 31, 2016: Sales $ 240,000 Net...
The following information was available for the year ended December 31, 2016: Sales $ 240,000 Net income 35,560 Average total assets 540,000 Average total stockholders' equity 310,000 Dividends per share 1.22 Earnings per share 3.00 Market price per share at year-end 24.30 Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2016. (Round your intermediate calculations and final answers to 2 decimal places.) b. Calculate ROE for the year ended December 31, 2016. (Round your answer...
1. The following data are available for the Northern Division of Comet Products and the single...
1. The following data are available for the Northern Division of Comet Products and the single product it makes: Unit selling price $60 Variable cost per unit $36 Annual fixed costs $840,000 Average operating assets $4,500,000 How many units must the Northern Division sell each year to have an ROI of 16%? 2. The Southern Division of Schuler Enterprises recorded operating data as follows for the past year: Sales $600,000 Net operating income 75,000 Average operating assets 300,000 Stockholders’ equity...
3. The following data pertain to Napal Company for 20x1 Sales revenue Cost of goods sold Operating expenses Average invested capital $1,000,000 550,000 400,000 500,000 Required: A. Calcul B. If the sal expenses have to be reduced in 20x2 to achieve a 15% return on investment? ate the company's sales margin, capital turnover, and return on investment for 20x1. es and average invested capital remain the same, to what level would total costs and C. Assume that costs and expenses...
Exercise 234 The following information is available from the annual reports of Reser Company and Trent Company (Amounts in millions) Net Income Sales Total Assets (average) Reser $965 22,653 21,188 Trent $1,271 33,812 36,167 (a) Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal places, e.g. 15.2%.) Reser Trent 1. Asset turnover ratio times times 2. Return on assets
Most questions answered within 3 hours.
-
Suppose vacuum cleaners are part of the market basket used to
compute the CPI. Suppose also...
asked 5 minutes ago -
What intermediate results after the addition of H3O+ to
E-3-methyl-2-pentane?
pentene*
asked 10 minutes ago -
Potassium hydrogen phthalate is a solid, monoprotic acid
frequently used in the laboratory to standardize strong...
asked 29 minutes ago -
1-Describe the 3 major classes of ownerships of retailers
2-What are the differences between consumer and...
asked 12 minutes ago -
A Student takes a sample from a table top in the student lounge
using a sterile...
asked 20 minutes ago -
Give an answer that's easy to understand. Define stack data
structure. Show how the Stack operations...
asked 29 minutes ago -
The following financial information is for Annapolis Corporation
are for the fiscal years ending 2019 &...
asked 18 minutes ago -
Which prezygotic barrier to reproduction results in hybrid
sterility?
Question 11 options:
A)
Habitat isolation
B)...
asked 29 minutes ago -
You own a portfolio that has $2709 invested in Stock A and $4387
invested in Stock...
asked 47 minutes ago -
A parameter estimate is said to be statistically significant if
there is sufficient evidence that the...
asked 46 minutes ago -
Based on the following table, calculate the ES, EF, LS, LF and
Slack for each activity...
asked 44 minutes ago -
The Work Breakdown Structure is always created using a phased-in
approach.
True/False
asked 1 hour ago