Kyle Company had the following information pertaining to 2022: Profit P100,000 Sales P1,000,000 Asset Turnover ratio 2 times The desired minimum rate of return is 15 percent. Questions: 1. What is the Return on Sales? 2. What is the ROI? 3. What is the amount of assets?
Kyle Company had the following information pertaining to 2022: Profit P100,000 Sales P1,000,000 Asset Turnover ratio 2 times The desired minimum rate of return is 15 percent. Questions: 1. What is the Return on Sales? 2. What is the ROI? 3. What is the amount of assets?
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 5R: Suppose the company has just the opposite news and now expects unit sales for August, September, and...
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Kyle Company had the following information pertaining to 2022:
Profit P100,000
Sales P1,000,000
Asset Turnover ratio 2 times
The desired minimum
Questions:
1. What is the Return on Sales?
2. What is the ROI?
3. What is the amount of assets?
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