Last year the Your Company had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?

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: Alta Construction days sales outstanding is 50 days (365 days in a year). The company’s accounts…

A: Financial ratios give us an idea about the financial performance of the company. Inventory turn over…

Q: X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its…

A: The basic earning power ratio is another profitability ratio (BEP). The goal of BEP is to assess how…

Q: KIEMS ltd has a current sales level of Sh 25,000,000. It has established that sales will be growing…

A: Financial forecast - It showing the projected financial statements  incorporate current trends to…

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: The following data has been extracted from the year-end reports of two companies, Company X and…

A: A year-end report, likewise called a yearly report or end of year report, subtleties an…

Q: Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The…

A: Turnover ratio = Total Sales / Capital employed Hence Capital employed = Total Sales / Turnover…

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: Lemon Auto Wholesalers had sales of $1,400,000 last year, and the cost of goods sold represented 77…

A: Answer: Calculation of the earning after tax: Earning after tax is the net income a company earns…

Q: Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 24%.…

A: Operating income: Operating income refers to the income earned from the day-to-day operations. It is…

Q: A company has a profit margin of 8.87%, total asset turnover of 2.81, assets of $67, 000 and…

A: Return on equity (ROE) is a financial metric which aims at measuring the returns earned on equity…

Q: Jones Company had net income of $10,000 for the year. Beginning total assets were $150,000 and…

A: Lets understand the basics. Return on asset is a ratio which indicates that how much profitability…

Q: Conn Man’s Shops, a national clothing chain, had sales of $440 million last year. The business has a…

A: Working Notes: 1. Spontaneous liabilities: =  Accounts payable + Accrued expenses + Other payables…

Q: At the end of the year, Universal Utilities (UU) had $1.5 million in total assets.  Its total assets…

A: Total Assets are $1.5 million ROA was 7.14% Total Assets turover is 1.4   To Find: Sales Revenue…

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: At the end of last year, Ralph Inc. reported the following income statement (in millions of…

A: Formulas:

Q: LMM Company’s total assets at the end of last year were P405,000 and its earnings before interest…

A: Total assets = P405,000 EBIT = P52,500

Q: Lions Corp's sales last year were $27,000, and its total assets were $16,000.  What was its total…

A: Total Asset Turnover Ratio = Total Sales/ Average Assets

Q: Last year, Bad Tattoo Company had additions to retained earnings of $4,270 on sales of $94,090. The…

A: Depreciation is the reduction in the value of an asset over a useful life of the asset. It is an…

Q: Ramala Corp's sales last year were $48,000, and its total assets were $25,500. What was its total…

A: A ratio that provides information regarding the efficient use of a company’s total asset is term as…

Q: A company's sales in Year 1 were $380,000 and in Year 2 were $417,500. Using Year 1 as the base…

A: Sales is the amount which is earned by company by selling its goods or services. Percentage change…

Q: Selected data from the year-end financial statements of Atlas Corp. are as follows: Current ratio…

A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…

Q: The revenue for a firm is $2,500,000. Its cost of revenue is $850,000, and its average inventory for…

A: 1. Inventory turnover ratio= =Cost of goods sold/Average inventory = $850,000/$62,000 =13.71 times

Q: A company’s sales in the prior year were $300,000 and in the current year were $351,000. Using the…

A: Horizontal analysis is prepared to calculate the variance from previous year by showing…

Q: At the end of last year, Edwin Inc. reported the following income statement (in millions of…

A: EBITDA = Net income + taxes + interest expense + depreciation & amortization.

Q: A consumer products company reported a 25 percent increase in sales from last year to this…

A: Given information is: A consumer products company reported a 25 percent increase in sales from last…

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: Last year, Hassan’s Madhatter, Inc. had an ROA of 5.8 percent, a profit margin of 18.50 percent, and…

A: Basic FrameworkROA = Net income / Total assets = Sales x Profit Margin / Total AssetsHence, Total…

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: Conn Man’s Shops, a national clothing chain, had sales of $440 million last year. The business has a…

A: To meet the business financial needs and operate the business, companies raise the funds from…

Q: At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets. (a)If WFL’s total…

A: Given: Total assets = $150,000 Total asset turnover ratio = 2 Return on asset = 6%

Q: River Corp's total assets at the end of last year were $405,000 and its net income was $32,750. What…

A: The return on total assets is calculated as ratio of net income and total assets

Q: For a recent year L’Oréal reported operating profit of €3,385 (in millions) for its cosmetics…

A: Return on investment: It can be defined as a financial ratio that is used to measure the efficiency…

Q: Last year, Hassan's Madhatter, Inc. had an ROA of 6 percent, a profit margin of 12.80 percent, and…

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

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: A firm has an average account payable of of $75,000 and beginning inventory of $30,000.ending…

A: Account payable = $ 75000 Opening balance = $ 30000 Closing balance = $ 80000 COGS = $ 500,000…

Q: Last year, Jumpin' Trampolines (JT) had a quick ratio of 1.0, a current ratio of 1.8, an inventory…

A: Ratio analysis is the financial analysis that is used by corporations to estimate and determine…

Q: Ronald Company has current assets of $115,000 and current liabilities of $75,000 of which accounts…

A: Ratio analysis means that various ratio can be calculated with the given date of the company and…

Q: 1. During the current year, Swarouskii Manufacturing earned income of P350,000 from total sales of…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Last year a company had sales of $410,000, a turnover of 2.1, and a return on investment of 29.4%.…

A: