A/R  5,000 Advertising EXP  1,600 Cash 500 COGS 6,000 Inv.  3,000 Plant Assets 12,000 Research Expense 2,000 Sales 20,000 Total Equity 7,500 Total Liabilities 13,000 Salaries and Wages Expense 10,000   What is the asset turnover  What is the ROE  The company take home roughly what percent of every $1 of sales.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A/R 

5,000

Advertising EXP 

1,600

Cash

500

COGS

6,000

Inv. 

3,000

Plant Assets

12,000

Research Expense

2,000

Sales

20,000

Total Equity

7,500

Total Liabilities

13,000

Salaries and Wages Expense

10,000

 

  1. What is the asset turnover 
  2. What is the ROE 
  3. The company take home roughly what percent of every $1 of sales. 
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