8A.  During the current year, Sokowski Manufacturing earned income of $342,385 from total sales of $6,375,343 and average capital assets of $10,106,928. What is the asset turnover? Round to the nearest to the hundredth, two decimal places and submit the answer in a percentage.

Q: During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of…

A: Sales margin formula = Income earned/Total sales = $360,000 /$6,000,000

Q: Liberty Corporation reported beginning and ending total assets of $25,000 and $22,000, respectively.…

A: Asset turnover ratio:  Asset turnover ratio measures the productive capacity of the total assets to…

Q: Dundee Co. reported the following for the current year: net sales of $80,000; cost of goods sold of…

A:

Q: A company had average total assets of $500,000, gross sales of $575,000, and net sales of $550,000.…

A: Total asset turnover = Net sales / Average total assets

Q: The following are financial data taken from the annual report of Bree & Company: Year 2 Year 1 Net…

A: Fixed asset turnover is the ratio how much times revenue has been earned on investing average fixed…

Q: During the current year, Sokowski Manufacturing earned income of $446,500 from total sales of…

A: Please find the answer to the above question below:

Q: Maxim Company reported beginning and ending total assets of $140,000 and $160,000​, respectively.…

A: Average total assets = (Beginning total assets + Ending total assets) /2 = ($140,000+$160,000) / 2 =…

Q: Use the following selected balance sheet and income statement information for Stevens Co.  to…

A: Asset turnover = Net sales/Average  total assets

Q: SE9-10 Return on Assets and Asset Turnover Last Year, the Miller Company reported on assets of 15…

A: Last year  Return on assets =15% Assets turnover =1.6 Current year Return on assets =19% Assets…

Q: During the current year, Sokowski Manufacturing earned income of $422,100 from total sales of…

A: Sales margin is the amount that is generated by the sale of product or services. It is calculated by…

Q: Asset turnover A company reports the following: Sales $1,284,150 Average total assets (excluding…

A: Asset Turnover Ratio = Sales Average total assets

Q: JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million…

A: Here, Sales is $1,110,000 Accounts Receivable is $52,000 Total Assets is $5,120,000 Fixed Assets is…

Q: he following information is available from the annual reports of Blossom Company and Crane Company.…

A: asset turnover formula: asset turnover = salestotal asset return on asset formula: return on asset…

Q: A company reports the following:Sales…

A: Formula to calculate asset turnover ratio:

Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…

A: Sales margin means profit earned from the revenue generated from the sale of the goods or services.…

Q: lanufacturing earned operating income last year as shown in the following income statement: $531,250…

A: Formulas used in computation Average operating assets = beginning operating asset + Ending…

Q: Aneko Company reports the following: net sales of $14,800 for Year 2 and $13,990 for Year 1;…

A: The ratio refers to the relationship that exists between two variables. In accounting, the ratio is…

Q: The financial analysis of a manufacturing company for the previous year yielded the following…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: A company reports the following: Sales $6,750,000 Average total assets (excluding 2,500,000…

A: given that, sales =   $ 6,750,000 Average total assets =  2,500,000 Asset turnover ratio = ?

Q: 6A.  During the current year, Sokowski Manufacturing earned income of $489,887 from total sales of…

A: The sales margin is calculated as ratio of income and total sales.

Q: The asset turnover ratio is (round answer to 2 decimal places)

A: Assets:- Assets are those things that will earn revenue to the company and has a certain value that…

Q: If sales for the year for the Genco Olive Oil Company is $296,024, net income for the year is…

A: The financial ratios refer to the ratios that are calculated using the financial data from the…

Q: A company had average total assets of $897,000. Its gross sales were $1,090,000 and its net sales…

A: Given the following information: Net sales: $1,000,000 Average total assets: $897,000 Gross sales:…

Q: Asset turnover A company reports the following: Sales $6,480,000 Average total assets 2,400,000…

A: 1.  The assets turnover ratio = Sales / Average total assets (excluding long term investment)

Q: Last year's asset turnover of All is Well Company was 3.0. This year, the company's sales increased…

A: Assets turnover ratio =Net sales / Average total assets where, Average total assets = (Beginning…

Q: Liberty Corporation reported beginning and ending total assets of $25,000 and $22,000, respectively.…

A:

Q: Your company has net sales revenue of $43 million during the year. At the beginning of the year,…

A: Fixed asset turnover ratio = Net sales revenue/Average fixed assets, where, Average fixed assets =…

Q: eppertree Company’s financial statements on December 31, 2021, showed the following:   Net Sales $…

A: Financial records are those documents which reflect or summarize business transactions. A proper…

Q: During the current year, Sokowski Manufacturing earned income of $270,000 from total sales of…

A: Sales margin Formula = Income earned/Total sales

Q: The revenue is $40,000, the cost of goods sold is $26,000, the selling, general and administrative…

A: Earnings before tax(EBT) measures a companies profitability before income taxes are factored.

Q: Bottlebrush Company has operating income of $150,720, invested assets of $314,000, and sales of…

A: The answer is as fallows

Q: In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total…

A: Ratio analysis helps to analyze the financial statements of the company. The management can take…

Q: During the current year, Sokowski Manufacturing earned income of $346,500 from total sales of…

A: Please find the answer to the above question below:

Q: During the current year, Sokowski Manufacturing earned income of $206,500 from total sales of…

A: Asset turnover = Sales / Average capital assets ROI = Margin * Turnover

Q: Bountiful Company had sales of $650,000 and cost of goods sold of $200,000 during a year. The total…

A: Asset turnover ratio shows how much revenue generated by each dollar invested in the assets. It…

Q: JPJ Corp has sales of $1.33 million, accounts receivable of $52,000, total assets of $5.05 million…

A: Inventory Inventory can be described as a good or material that a company holds for the purpose of…

Q: Arco Steel, Inc. generated total sales of $45,565,200 during fiscal 2010. Depreciation and…

A: EBIT: EBIT means Earnings before interest and tax. It is also referred to as Operating income, and…

Q: A company had average total assets of $897,000. Its gross sales were $1,090,000 and its net sales…

A: Total asset turnover = Net sales / Average total assets  where, Average total assets = (beginning…

Q: During the current year, Sokowski Manufacturing earned income of $396,900 from total sales of…

A: Formula: Sales margin = Earned income / Total sales.

Q: Given the following account balances at year end, compute the total intangible assets on the balance…

A: INTANGIBLE ASSETS ARE ASSETS WHICH HAVE NO PHYSICAL SUBSTANCE AND CANNOT BE SEEN AND TOUCHED.

Q: A. Based on this information, calculate asset turnover. If required, round your answer to two…

A: A) Asset turnover = Sales/Average capital assets = $5,520,000/$12,000,000 = 0.46 times

Q: The Miller Company reported gross sales of $760,000, sales returns and allowances of $6,900, and…

A: The answer is option (1) [i.e, 1.82 times] Refer step2 for explanation.

Q: Asset turnover A company reports the following: Sales $1,102,500 Average total assets (excluding…

A: >Asset Turnover Ratio--The Asset Turnover ratio measures how efficiently the asset invested are…

Q: In 2018, a company had beginning total assets of $923,000, and ending total assets of $871,000. Its…

A: Total assets turnover is computed by dividing the net sales by the average investment. Total assets…

Q: McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two…

A: Assets turnover ratio = Net Sales/ Average Total Assets

Q: A company had average total assets of $500,000, gross sales of $575,000, and net sales of $550,000.…

A: The total asset turnover is calculated by dividing the net sales by the average total assets.