Statement showing Computations | |
Particulars | Amount |
Return on Asset | 12% |
Total asset turnover | 1.80 |
Return on Sales= 12%/1.8 | 6.67% |
Net income | 14,300,000.00 |
Firm's sales = 14.3M/6.667% | 214,500,000.00 |
QUESTION 14 Return on assets is 12% and the total asset turnover is 1.8 times. If...
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%
Problem (5 Points) World Imports has total assets of $938,280, a total asset turnover rate of 1.18, a debt-equity ratio of 47, and a return on equity of 18.7 percent. The firm's net income is closest to? Ans: Bonus Question (2 Points) Freedom Health Centers has total equity of $861,300, sales of $1.48 million, and a profit margin of 5.2%. What is the return on equity? Ans:
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...
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
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?
Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net Income $21,500 $16,134 Net Sales 49,540 52,250 Total Assets 68,734 78,128 If the company's total assets are $65,676 in 2017, calculate the company's: (a) return on assets (round answers to one decimal place - ex: 10.7%) (b) asset turnover for 2018 and 2019 (round answers to two decimal places) 2018 2019 a. Return on Assets Ratio...
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?
Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net Income $21,500 $16,134 Net Sales 49,540 52,250 Total Assets 68,734 78,128 If the company's total assets are $65,676 in 2017, calculate the company's: (a) return on assets (round answers to one decimal place - ex: 10.7%) (b) asset turnover for 2018 and 2019 (round answers to two decimal places) 2018 2019 0 % a. Return on...
Brief Exercise 213 Using the following data for Hayes, Inc., compute its asset turnover and the return on assets ratio. Net Income 2017 Total Assets 12/31/17 Total Assets 12/31/16 Net Sales 2017 $123,000 2,243,000 1,880,000 2,135,000 Asset Turnover (Round to 2 decimal places, e.g. 15.35) times Return on Assets (Round to 1 decimal places, e.g. 15.3%) Click if you would like to Show Work for this question: Open Show Work
In 2018, FedEx had total assets of $52.9 billion, an asset turnover ratio of 1.65 times, and a net profit margin of 13.5%. a. What is FedEx's return on assets? b. Find FedEx's ROE, given that 42.9% of the assets are financed with stockholders' equity. a. FedEx's return on assets (ROA) is %. (Round to two decimal places.) b. Given that 42.9% of the assets are financed with stockholders' equity, FedEx's return on equity (ROE) is %. (Round to two...