Exercise 10-13 Fixed-asset turnover ratio [LO10-5] Techvidia Corporation, a global technology company located in Santa Clara,...
Exercise 10-13 Fixed-asset turnover ratio [LO10-5]
Techvidia Corporation, a global technology company located in
Santa Clara, California, reported the following information in its
2016 financial statements ($ in millions):
| 2016 | 2015 | |||||
| Balance sheets | ||||||
| Property, plant, and equipment (net) | $ | 490 | $ | 595 | ||
| Income statement | ||||||
| Net sales for 2016 | $ | 5,170 | ||||
Required:
1. Calculate the company’s 2016 fixed-asset
turnover ratio
|
|||||||||||||||||||||||||||||
Homework Answers
Solution
| Fixed-asset Turnover Ratio | |||||
| Choose Numerator: | / | Choose Denominator: | = | Fixed-asset Turnover Ratio | |
| Net sales | / | Average Fixed assets | = | Fixed-asset Turnover Ratio | |
| $5,170.00 | / | $ 542.50* | = | 9.53 | Times |
*(490+595)/2
Alternate answer----------
| Fixed-asset Turnover Ratio | |||||
| Choose Numerator: | / | Choose Denominator: | = | Fixed-asset Turnover Ratio | |
| Net sales | / | Average Fixed assets | = | Fixed-asset Turnover Ratio | |
| $5,170.00 | / | $ 542.50 | = | 9.5 | Times |
Add Answer to:
Exercise 10-13 Fixed-asset turnover ratio [LO10-5] Techvidia Corporation, a global technology company located in Santa Clara,...
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[The following information applies to the questions
displayed below.]
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Heron Corporation, a global technology company located in Dallas, Texas, reported the following information in its year 2 financial statements ($ in thousands): Year 2 Year 1 Balance sheets Property, plant, and equipment (PP&E) (net) $ 480,000 $550,000 Income statement Net sales for year 2 $5,000,000 Required: 1. Calculate the company's year 2 fixed-asset turnover ratio. 2. How would you interpret this ratio?
E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7) The following data were included in a recent Papaya Inc. annual report (in millions): 2013 $80,225 2014 $133,119 2015 $185,500 2016 $194,910 Net revenue Net property, plant, and equipment 4,940 9,180 15,600 16,400 Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Fixed Year Asset Turnover Ratio 2014...
E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Pe [LO 9-7) The following data were included in a recent Papayo Inc. annual report (In millions) 2013 $79,225 Net revenue Net property, plant, and equipment 2014 $131,559 9,00 2015 $183,500 15,590 2016 $191,920 15, 2ee Required: 1. Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round Intermediate calculations. Round your answers to 1 decimal place.) Fixed Asset
Exercise 13-10 Efficiency and profitability analysis LO P3
[The following information applies to the questions
displayed below.]
Simon Company’s year-end balance sheets follow.
At December 31 2017 2016 2015 Assets Cash $32,200 $ 36,250 $ 38,000 63,000 82,000 9,450 251,000 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 89,700 113,000 10,300 50,500 55,000 5,400 282,000 229,000 $527,200 $441,700 $377,900 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10...
Exercise 13-10 Efficiency and profitability analysis LO P3 [The following information applies to the questions displayed below.j Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,000 $ 35,750 $ 37,800 88,700 61,500 50,500 112,500 82,000 53,500...
Exercise 13-10 Efficiency and profitability analysis LO P3 (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,200 $ 36,250 $ 37,400 86,800 63,000 50,000 112,500 84,000 55,000...
Exercise 13-10 Efficiency and profitability analysis LO P3 The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow At December 31 2017 2016 2015 Assets Cash $ 32,400 $ 36,250 $ 38,000 Accounts receivable, 87,000 62,000 50,500 Merchandise inventory 111,000 83,200 54,000 Prepaid expenses 10,350 9,250 5,400 Plant assets, net 276,80 253,500 231,000 Total assets $516,750 $444,200 $378,900 Liabilities and Equity Accounts payable $128,800 $ 73,000 $ 51,400 Long-term notes payable secured by mortgages on...
Required information Exercise 13-10 Efficiency and profitability analysis LO P3 (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable s mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 30,400 $ 35,000 $ 37,800 87,100 61,500 51,000 111,000 83,600 53,500...
E13-10 Inferring Financial Information from Profitability and Liquidity Ratios (LO 13-4, LO 13-5) Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices to meet the needs of middle-, low, and fixed-income families in southern, eastern, and midwestern states. For the year ended January 29, 2016, the company reported average inventories of $2,900 (in millions) and an inventory turnover of 4.83. Average total fixed assets were $2,190 (million) and the fixed asset turnover ratio was 9.32...
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