Arrow's net income of $121 million and average assets of $1,800 million results in a return on assets of 6.72%
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A: Given:
Arrow's net income of $121 million and average assets of $1,800 million results in a return on assets of 6.72%.
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- The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?Arrow's net income of $121 million and average assets of $1,800 million results in a return on assets of 6.72%. true or falsePeyton’s Palace has net income of $15 million on sales revenue of $130 million. Total assets were $96 million at the beginning of the year and $104 million at the end of the year. Calculate Peyton’s return on assets, profit margin, and asset turnover ratios.
- River Corp's total assets at the end of last year were $405,000 and its net income was $32,750. What was its return on total assets?Kreeger's annual financial statements show net operating profit after tax of $2,291 million, net income of$1,979 million, sales of $115,568 million, and average net operating assets of $18,616 million.Kreeger's net operating asset turnover for the year is:G. C. Murphey’s 2016 financial statements show net income of $5,040 million, sales of $306,932 million, and average total assets of $86,700 million.How much is G. C. Murphey’s return on sales for the year?
- Antonio Company's net income and net sales are $50,000 and $800,000, respectively, and average total assets are $400,000. What is Antonio's return on assets?Kairos Industries achieved $17 million in sales and $3 million in net income. The value of assets totaled $6 million, as did the equal sum of liabilities plus equity. The company also paid taxes at 32% and interest at 6%. Determine the Net Profit Margin, Assets Turnover Ratio, ROA, ROE and Return on Invested Capital (ROIC).Mason Corporation had $1,096,000 in invested assets, sales of $1,217,000, operating income amounting to $231,000, and a desired minimum return on investment of 13%. The profit margin (rounded to one decimal place) for Mason Corporation is
- Reynolds Corp's total assets at the end of last year were $300,000 and its net income after taxes was $25,000. What was its return on total assets?Nerf Mania reports net income of $500,000, net sales of $4,000,000, and average assets of $2,000,000. The return on assets is:Blaser Corporation had $1,098,000 in invested assets, sales of $1,243,000, operating income amounting to $237,000 , and a desired minimum return on investment of 14%. The return on investment for Blaser Corporation is