Homework Answers
Answer
For every $1 in assets ,the firm produced $2.2 in net sales during the period.
Formula
Total Asset turnover ratio = Net Sales/ Average Total Asset
it indicates that every $1 of assets generates $2.2 of sales
Add Answer to:
A total asset turnover ratio of 2.2 indicates that: Multiple Choice Ο For every $1 in...
A total asset turnover ratio of 2.6 indicates that: Multiple Choice For every $1 in sales,...
A total asset turnover ratio of 2.6 indicates that:
Multiple Choice For every $1 in sales, the firm acquired $2.6 in assets during the period For every $1 in assets, the firm produced $2.6 in net sales during the period. For every $1 in assets, the firm earned gross profit of $2.6 during the period. For every $1 in assets, the firm earned $2.6 in net income For every $1 in assets, the firm paid $2.6 in expenses during the...
A firm has a return on equity of 23 percent. The total asset turnover is 2.2...
A firm has a return on equity of 23 percent. The total asset turnover is 2.2 and the profit margin is 6 percent. The total equity is $5,600. What is the net income? Multiple Choice $739 $2,834 $336 $1,288 $585
0/1 pts Incorrect Question 21 A low fixed asset turnover ratio often indicates that marketing efforts...
0/1 pts Incorrect Question 21 A low fixed asset turnover ratio often indicates that marketing efforts are ineffective the form is keeping expenses low the homecently using its current asset the form is efficiently using its total assets 0/1 pts Incorrect Question 22 Larry's Lab has sales of $35,750, net fixed assets of $14.500, current assets of $12,300, and cost of goods sold of $30,000. Which of the following is the fixed asset turnover ratio for the business? 247 times...
Leaf Inc. of Kingston has a total asset turnover rate of 1.52 and a fixed asset...
Leaf Inc. of Kingston has a total asset turnover rate of 1.52 and a fixed asset turnover rate of 3.04. From this information, you know that the: O Firm utilizes its assets more efficiently than a firm with a total asset turnover of 1.75. Fixed assets equal 304 percent of the annual sales amount. Annual sales are less than the value of the total assets of the firm. O O Value of the current assets is equal to the value...
Financial statement analysis involves all of the following except Multiple Choice 1.25 points Ο Helping users...
Financial statement analysis involves all of the following except Multiple Choice 1.25 points Ο Helping users to make better decisions O Transforming accounting data into useful information for decision-making Ο O Assuring that the company will be more profitable in the future Ο Helping to reduce uncertainty in decision-making O The application of analytical tools to general-purpose financial statements and related data for making business decisions Current assets minus current liabilities is: Multiple Choice 125 points O Profit margin. E...
The statement of cash flows reports: Multiple Choice Ο Assets, liabilities, and equity. Ο Revenues, gains,...
The statement of cash flows reports: Multiple Choice Ο Assets, liabilities, and equity. Ο Revenues, gains, expenses, and losses. Ο Cash inflows and cash outflows for an accounting period. cash intows an Ο Equity, net income, and dividends. Ο Changes in equity.
Saved The receivables turnover ratio indicates DEL Multiple Choice e H ow efficient the company is...
Saved The receivables turnover ratio indicates DEL Multiple Choice e H ow efficient the company is at managing sales and inventory. The relationship between sales and cost of goods sold. number of times during a year that the average accounts receivables were collected. 0 CA The relationship between cash sales and credit sales < Prev 25 of 30 Next > newcom ecucduUILCUNDU Help Save & Exit Saved uiz At the end of the year, Mark Inc. estimates future bad debts...
PART A The accounts receivable turnover ratio Multiple Choice is not useful in determining changes in...
PART A The accounts receivable turnover ratio Multiple Choice is not useful in determining changes in customer payment patterns. is computed using net credit sales and ending accounts receivable. is computed using net credit sales and average accounts receivable. uses total sales and not just credit sales in the computation. PART B Which of the following is not correct with respect to the debt to assets ratio? Multiple Choice The percentage of long-term debt to assets would be higher for...
The statement of cash flows reports: Multiple Choice points (3 02:19:16 Ο Revenues, gains, expenses, and...
The statement of cash flows reports: Multiple Choice points (3 02:19:16 Ο Revenues, gains, expenses, and losses. Ο Assets, liabilities, and equity. Ο Equity, net income, and dividends. Ο Cash inflows and cash outflows for an accounting period. Ο Changes in equity.
Compute the following: (1) current ratio (2) acid-test ratio (3) inventory turnover (4) Debt ratio (5)...
Compute the following:
(1) current ratio
(2) acid-test ratio
(3) inventory turnover
(4) Debt ratio
(5) debt-to-equity ratio
(6) times interest earned
(7) net profit margin
(8) total asset turnover
(9) return on total assets
(10) return on equity.
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales ..... Cost of goods sold ........ Gross profit ............. Operating expenses ........ Interest expense Income before taxes ...... Income taxes ........... Net income ............. $456,600 297,450 159,150 99,400 3,900 55,850...
A total asset turnover ratio of 2.6 indicates that:
Multiple Choice For every $1 in sales, the firm acquired $2.6 in assets during the period For every $1 in assets, the firm produced $2.6 in net sales during the period. For every $1 in assets, the firm earned gross profit of $2.6 during the period. For every $1 in assets, the firm earned $2.6 in net income For every $1 in assets, the firm paid $2.6 in expenses during the...
A firm has a return on equity of 23 percent. The total asset turnover is 2.2 and the profit margin is 6 percent. The total equity is $5,600. What is the net income? Multiple Choice $739 $2,834 $336 $1,288 $585
0/1 pts Incorrect Question 21 A low fixed asset turnover ratio often indicates that marketing efforts are ineffective the form is keeping expenses low the homecently using its current asset the form is efficiently using its total assets 0/1 pts Incorrect Question 22 Larry's Lab has sales of $35,750, net fixed assets of $14.500, current assets of $12,300, and cost of goods sold of $30,000. Which of the following is the fixed asset turnover ratio for the business? 247 times...
Leaf Inc. of Kingston has a total asset turnover rate of 1.52 and a fixed asset turnover rate of 3.04. From this information, you know that the: O Firm utilizes its assets more efficiently than a firm with a total asset turnover of 1.75. Fixed assets equal 304 percent of the annual sales amount. Annual sales are less than the value of the total assets of the firm. O O Value of the current assets is equal to the value...
Financial statement analysis involves all of the following except Multiple Choice 1.25 points Ο Helping users to make better decisions O Transforming accounting data into useful information for decision-making Ο O Assuring that the company will be more profitable in the future Ο Helping to reduce uncertainty in decision-making O The application of analytical tools to general-purpose financial statements and related data for making business decisions Current assets minus current liabilities is: Multiple Choice 125 points O Profit margin. E...
The statement of cash flows reports: Multiple Choice Ο Assets, liabilities, and equity. Ο Revenues, gains, expenses, and losses. Ο Cash inflows and cash outflows for an accounting period. cash intows an Ο Equity, net income, and dividends. Ο Changes in equity.
Saved The receivables turnover ratio indicates DEL Multiple Choice e H ow efficient the company is at managing sales and inventory. The relationship between sales and cost of goods sold. number of times during a year that the average accounts receivables were collected. 0 CA The relationship between cash sales and credit sales < Prev 25 of 30 Next > newcom ecucduUILCUNDU Help Save & Exit Saved uiz At the end of the year, Mark Inc. estimates future bad debts...
The statement of cash flows reports: Multiple Choice points (3 02:19:16 Ο Revenues, gains, expenses, and losses. Ο Assets, liabilities, and equity. Ο Equity, net income, and dividends. Ο Cash inflows and cash outflows for an accounting period. Ο Changes in equity.
Compute the following:
(1) current ratio
(2) acid-test ratio
(3) inventory turnover
(4) Debt ratio
(5) debt-to-equity ratio
(6) times interest earned
(7) net profit margin
(8) total asset turnover
(9) return on total assets
(10) return on equity.
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales ..... Cost of goods sold ........ Gross profit ............. Operating expenses ........ Interest expense Income before taxes ...... Income taxes ........... Net income ............. $456,600 297,450 159,150 99,400 3,900 55,850...
Most questions answered within 3 hours.
-
QUESTION 5
A drug or medicine can reach the brain more effectively by
placing the drug...
asked 12 minutes ago -
Developmental biology
A mouse contains a mutation that results in a failure of their
long
bones...
asked 8 minutes ago -
Alice has the RSA public key (n, e) = (11413, 251) and private
key d =...
asked 8 minutes ago -
Rammazzotti, Inc., is looking for feedback on company
performance. The company compares the budget for the...
asked 13 minutes ago -
A manufacturer of chocolate chips would like to know whether its
bag filling machine works correctly...
asked 22 minutes ago -
Consider the student registration business process at
your college:
1.)Describe the steps necessary for you to...
asked 29 minutes ago -
when released from rest at point A, an unknown ion moves to
point B. At point...
asked 21 minutes ago -
A stock is expected to pay the following dividends: $1.1
four years from now, $1.4 five...
asked 26 minutes ago -
G=yellow and g=green pea seeds. You cross a heterozygous
yellow-seeded plant with a green-seeded plant to...
asked 29 minutes ago -
Current Balance Experiment
a) When there is no current flowing through the electromagnet
coil, is there...
asked 27 minutes ago -
In Visual Basic 2017, Write a complete Main method that prints
Hello, world to the screen....
asked 44 minutes ago -
a) Find the pressure difference on an airplane wing if air flows
over the upper surface...
asked 50 minutes ago