Fill in the missing numbers using the formula for fixed asset turnover: Sales Beginning fixed assets Ending fixed assets Fixed asset turnover Company A Company B Company C Company D $5,000,000 $720,000 $450,000 $275,000 $800,000 2.4 times $900,000 $310,000 $380,000 $420,000 3 times 2.6 times
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- Compare Fed Ex and UPS FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and handling facilities, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each company were as follows: a. Compute the fixed asset turnover ratio for each company. Round to one decimal place. b. Which company appears more efficient in using fixed assets? c. Interpret the meaning of the ratio for the more efficient company.Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Asset turnoverAsset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow. Required: 1. Using this information, calculate Rutherfords receivable turnover ratio (rounded to two decimal places.) 2. Using this information, calculate Rutherfords asset turnover ratio (rounded to two decimal places) and also convert the ratio into days (rounded to the nearest whole day).
- Compare Dollar Tree and Dollar General The asset turnover ratios for two recent years for Dollar Tree, Inc. (DLTR) are shown in the Analysis for Decision Making section of this chapter. Using your results from MAD 5-2, compare and interpret the asset turnover ratios for Dollar Tree and Dollar General (DG).Select financial statement data for two recent years for Davenport Company are as follows: Line Item Description 20Y5 20Y4 Sales $2,011,500 $1,088,000 Fixed assets: Beginning of year 720,000 640,000 End of year 770,000 720,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round your answers to one decimal place. Line Item Description 20Y5 20Y4 Fixed Asset Turnover Ratio fill in the blank 1 of 2 fill in the blank 2 of 2Fixed asset turnover ratio Select financial statement data for two recent years for Davenport Company are as follows: 20Y5 20Y4 Sales $1,800,000 $1,170,000 Fixed assets: Beginning of year 690,000 610,000 End of year 750,000 690,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round to one decimal place. 20Y5 20Y4 Fixed Asset Turnover Ratio b. Does the change in the fixed asset turnover ratio from 20Y4 to 20Y5 indicate a favorable or an unfavorable change?
- The financial statements of TVS Motors report the following information (all values are in millions). Revenue: Rs. 112246. Fixed Assets: Rs. 15928, Total Assets: Rs. 29010. Find the Total Asset Turnover Ratio (round-off at two decimal level). 0.14 1.82 3.87 7.05 Question 2 0 points possible (ungraded) The financial statements of TVS Motors report the following information (all values are in millions). Revenue: Rs. 112246. Fixed Assets: Rs. 15928, Total Assets: Rs. 29010. Find the Fixed Asset Turnover Ratio (round-off at two decimal level). 0.14 1.82 3.87 7.05Asset turnover ratio Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow: 20Y3 20Y2 Sales $1,950,000 $1,564,000 Total assets: Beginning of year 740,000 620,000 End of year 820,000 740,000 a. Determine the asset turnover ratio for 20Y3 and 20Y2. Round answers to one decimal place. 20Y3 20Y2 Asset turnover fill in the blank 1 fill in the blank 2 b. Is the change in the asset turnover ratio from 20Y2 to 20Y3 favorable or unfavorable?Calculate the total asset turnover (sales / total assets) for the firm below. Make sure you do NOT convert your answer and keep 2 decimals for your final answer.....for examples, if you calculate 6,000/400 = 15, you should enter 15 into BB to be marked correct. Sales 4000 COGS $1,200 Depreciation $800 Interest $500 Net Income $200 Total Assets 1700
- Financial statement data for the years ending December 31, 20Y3 and 20Y2, for Lawson Company follow: 20Y3 20Y2 Sales $663,000 $516,000 Total assets: Beginning of year 240,000 190,000 End of year 270,000 240,000 a. Determine the asset turnover for 20Y3 and 20Y2. Round your answers to one decimal place. 20Y3 20Y2 Asset turnover fill in the blank 1 fill in the blank 2Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 Calculate change in NWCThe following information is available from the annual reports of Blossom Company and Crane Company. (Amounts in millions) Blossom Crane Net Income $1,824 $2,413 Sales 43,035 64,239 Total Assets (average) 40,242 68,704 Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.) BlossomCrane1. Asset turnover ratio enter the asset turnover rounded to 1 decimal placetimesenter the asset turnover rounded to 1 decimal placetimes2. Return on assets enter the return on assets in percentages rounded to 2 decimal places%enter the return on assets in percentages rounded to 2 decimal places%