Homework Answers
Average total assets=(Beginning total assets+Ending total assets)/2
=(83200+116500)/2=$99850
Hence asset turnover=Net Sales/Average total assets
(204550/99850)
which is equal to
=2.05 times(Approx).
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Maple Corp. had net sales of $204,550 for the year ended December 31, 2017. Its beginning...
Maple Corp had net sales of $201.550 for the year ended December 31, 2017 31, 2017. (Round your answer to two decima...
Maple Corp had net sales of $201.550 for the year ended December 31, 2017 31, 2017. (Round your answer to two decimal places.) beginning and ending total assets were 581.200 and $129.500, respectively Determine Maple's asset tuamover ratio for the year ended December O A. 1 22 times OB. 0.52 mes OC. 191 times D. 2.48 times
Bahlman, Inc. had net sales of $53,600,000 for the year ended May 31, 2018. Its beginning...
Bahlman, Inc. had net sales of $53,600,000 for the year ended May 31, 2018. Its beginning and ending total assets were $56,800,000 and $89,200,000, respectively. Determine Bahlman's asset tumover ratio for year ended May 31, 2018. (Round the asset tumover ratio to two decimal places, X.XX.) Asset turnover ratio
QUESTION 19 During 2017. Sanchez Corp. had net sales of $16,400,000. The beginning total assets were...
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...
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
Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and...
Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 in millions 2017 2016 Net revenues $32,176 $26,968 Net earnings 4,458 445 Total assets, end of year 89,494 88,702 Total assets, beginning of year 88,702 77,527 Calculate Suncor's asset turnover and return on assets for the two years. (Round asset turnover to 2 decimal places, s. 52.76. and return on assets to 1 decimal place, eg. 52.7.) December 31, 2017 December...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,011,900 744,500 484,900 259,600 1,064,440 832,000 505,900 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400 BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200...
During 2017, Whispering Winds Corp. reported net sales of $2550000, net income of $1270000, and depreciation...
During 2017, Whispering Winds Corp. reported net sales of $2550000, net income of $1270000, and depreciation expense of $120000. Whispering Winds also reported beginning total assets of $1130000, ending total assets of $1340000, plant assets of $1200000, and accumulated depreciation of $900000. Whispering Winds’s asset turnover (rounded) is 2.06 times. 1.90 times. 1.10 times. 1.10 times.
Analyze Fixed Assets At December 31, 2013, Clark Corporation reported beginning net fixed assets of $94,150,...
Analyze Fixed Assets At December 31, 2013, Clark Corporation reported beginning net fixed assets of $94,150, ending net fixed assets of $103,626, accumulated depreciation of $49,133, net sales of $212,722, and depreciation expense of $12,315. Required: Compute Clark Corporation's fixed asset turnover ratio and the average age of its fixed assets. (Note: Round answers to two decimal places.) Fixed asset turnover ratio times Average age of fixed assets years
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,800
$
36,000
$
37,200
Accounts receivable, net
88,100
62,000
50,500
Merchandise inventory
111,000
83,800
54,500
Prepaid expenses
10,300
9,350
4,600
Plant assets, net
280,000
257,000
235,000
Total assets
$
521,200
$
448,150
$
381,800
Liabilities and Equity
Accounts payable
$
129,200
$
75,250
$
50,400
Long-term notes payable secured by
mortgages on plant assets
98,000
100,000
82,600
Common stock, $10 par value
161,500
161,500...
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...
Maple Corp had net sales of $201.550 for the year ended December 31, 2017 31, 2017. (Round your answer to two decimal places.) beginning and ending total assets were 581.200 and $129.500, respectively Determine Maple's asset tuamover ratio for the year ended December O A. 1 22 times OB. 0.52 mes OC. 191 times D. 2.48 times
Bahlman, Inc. had net sales of $53,600,000 for the year ended May 31, 2018. Its beginning and ending total assets were $56,800,000 and $89,200,000, respectively. Determine Bahlman's asset tumover ratio for year ended May 31, 2018. (Round the asset tumover ratio to two decimal places, X.XX.) Asset turnover ratio
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
Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 in millions 2017 2016 Net revenues $32,176 $26,968 Net earnings 4,458 445 Total assets, end of year 89,494 88,702 Total assets, beginning of year 88,702 77,527 Calculate Suncor's asset turnover and return on assets for the two years. (Round asset turnover to 2 decimal places, s. 52.76. and return on assets to 1 decimal place, eg. 52.7.) December 31, 2017 December...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,011,900 744,500 484,900 259,600 1,064,440 832,000 505,900 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400 BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200...
Analyze Fixed Assets At December 31, 2013, Clark Corporation reported beginning net fixed assets of $94,150, ending net fixed assets of $103,626, accumulated depreciation of $49,133, net sales of $212,722, and depreciation expense of $12,315. Required: Compute Clark Corporation's fixed asset turnover ratio and the average age of its fixed assets. (Note: Round answers to two decimal places.) Fixed asset turnover ratio times Average age of fixed assets years
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,800
$
36,000
$
37,200
Accounts receivable, net
88,100
62,000
50,500
Merchandise inventory
111,000
83,800
54,500
Prepaid expenses
10,300
9,350
4,600
Plant assets, net
280,000
257,000
235,000
Total assets
$
521,200
$
448,150
$
381,800
Liabilities and Equity
Accounts payable
$
129,200
$
75,250
$
50,400
Long-term notes payable secured by
mortgages on plant assets
98,000
100,000
82,600
Common stock, $10 par value
161,500
161,500...
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