Liberty Corporation reported beginning and ending total assets of $25,000 and $22,000, respectively. Its net sales for the year were $18,800. What was Liberty’s asset turnover ratio? 0.75  0.85 0.80 1.25

Q: Suppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of…

A:

Q: Lake Coffee Company reported net sales of $180,000, net income of $54,000, beginning total assets of…

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

Q: Lok Company reports net sales of $5,856,480 for Year 2 and $8,679,690 for Year 3. End-of-year…

A: Total assets turnover = Net sales / Average total assets where, Average total assets = (beginning…

Q: Hangover Pills, Inc. has current assets of $70,000 and net fixed assets of $400,000. Thefirm's sales…

A: Calculation of Total Asset Turnover:The total asset turnover is 3.40.Excel Spreadsheet:

Q: A company had average total assets of $500,000, gross sales of $575,000, and net sales of $550,000.…

A: Total asset turnover = Net sales / Average total assets

Q: Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its…

A: Assets turnover ratio means the amount of sales as compared to the average assets. Profit margin…

Q: The following are financial data taken from the annual report of Bree & Company: Year 2 Year 1 Net…

A: Fixed asset turnover is the ratio how much times revenue has been earned on investing average fixed…

Q: Maxim Company reported beginning and ending total assets of $140,000 and $160,000​, respectively.…

A: Average total assets = (Beginning total assets + Ending total assets) /2 = ($140,000+$160,000) / 2 =…

Q: Asset turnover A company reports the following: Sales $820,800 Average total assets (excluding…

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: A company's income statement showed the following: net income, $134,000; depreciation expense,…

A:

Q: Kreeger's annual financial statements show net operating profit after tax of $2,291 million, net…

A: Net Operating Profit = 2291 Million Net Income = 1979 million Sales = 115,568 million Average Net…

Q: he following information is available from the annual reports of Blossom Company and Crane Company.…

A: asset turnover formula: asset turnover = salestotal asset return on asset formula: return on asset…

Q: Brad's BBQ reported sales of $660,000 and net income of $41,000. Brad's also reported ending total…

A:

Q: lanufacturing earned operating income last year as shown in the following income statement: $531,250…

A: Formulas used in computation Average operating assets = beginning operating asset + Ending…

Q: Aneko Company reports the following: net sales of $14,800 for Year 2 and $13,990 for Year 1;…

A: The ratio refers to the relationship that exists between two variables. In accounting, the ratio is…

Q: Jotun Paint Corporation reported net income $24,000, net sales $400,000, and average assets $600,000…

A: Solution:- Calculation of asset turnover ratio as follows under:-

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: A company reports the following: Sales $6,750,000 Average total assets (excluding 2,500,000…

A: given that, sales =   $ 6,750,000 Average total assets =  2,500,000 Asset turnover ratio = ?

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: In its 2017 annual report, Campbell Soup Company reports beginning-of-the-year total assets of…

A: 1. Calculate the assets turnover ratio and profit margin ratio. Working note:

Q: The asset turnover ratio is (round answer to 2 decimal places)

A: Assets:- Assets are those things that will earn revenue to the company and has a certain value that…

Q: A company reports the following: Sales                             $10,975,200 Average total assets…

A: Asset turnover ratio = Sales/Average total assets

Q: Selected current year company information follows: Net income Net sales Total liabilities,…

A: Assets Turnover ratio = Net sales / Average total assets  Average total assets = (Assets at the…

Q: A company had average total assets of $897,000. Its gross sales were $1,090,000 and its net sales…

A: Given the following information: Net sales: $1,000,000 Average total assets: $897,000 Gross sales:…

Q: Last year's asset turnover of All is Well Company was 3.0. This year, the company's sales increased…

A: Assets turnover ratio =Net sales / Average total assets where, Average total assets = (Beginning…

Q: Liberty Corporation reported beginning and ending total assets of $25,000 and $22,000, respectively.…

A:

Q: In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total…

A: Ratio analysis helps to analyze the financial statements of the company. The management can take…

Q: Bountiful Company had sales of $650,000 and cost of goods sold of $200,000 during a year. The total…

A: Asset turnover ratio shows how much revenue generated by each dollar invested in the assets. It…

Q: Sheridan Company reports the following information (in millions) during a recent year: net sales,…

A: 1. Calculation of return on assets:

Q: JPJ Corp has sales of $1.33 million, accounts receivable of $52,000, total assets of $5.05 million…

A: Inventory Inventory can be described as a good or material that a company holds for the purpose of…

Q: Arco Steel, Inc. generated total sales of $45,565,200 during fiscal 2010. Depreciation and…

A: EBIT: EBIT means Earnings before interest and tax. It is also referred to as Operating income, and…

Q: expense

A: Formula for calculating the fixed assets turnover ratio is: Fixed assets turnover ratio = Net…

Q: 8A.  During the current year, Sokowski Manufacturing earned income of $342,385 from total sales of…

A: The asset turnover is calculated as ratio of Sales and assets

Q: A company had average total assets of $897,000. Its gross sales were $1,090,000 and its net sales…

A: Total asset turnover = Net sales / Average total assets  where, Average total assets = (beginning…

Q: A company reports the following:Sales                              $4,400,000Average total assets…

A: Asset Turnover: Asset turnover refers to the ratio calculated which determines the amount of sales…

Q: Lok Company reports net sales of $5,562,000 for Year 2 and $7,019.000 for Year 3. End-of-year…

A: Total Assets Turnover  = Net Sales / Average Total Assets

Q: The Miller Company reported gross sales of $760,000, sales returns and allowances of $6,900, and…

A: The answer is option (1) [i.e, 1.82 times] Refer step2 for explanation.

Q: Sales $2,400,000   Average total assets (excluding long-term investments) 1,500,000   Determine the…

A:

Q: A company reports the following: Sales $8,782,430 Average total assets (excluding long-term…

A: Accounting ratio:   It is a number expressed in terms of another to establish relationship among…

Q: McDonald’s Corporation reports total average assets of $28.9 billion and net sales of $20.5 billion.…

A: Formulas: Asset turnover ratio = Net sales / Average total assets

Q: In 2018, a company had beginning total assets of $923,000, and ending total assets of $871,000. Its…

A: Total assets turnover is computed by dividing the net sales by the average investment. Total assets…

Q: McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two…

A: Assets turnover ratio = Net Sales/ Average Total Assets

Q: A company had average total assets of $500,000, gross sales of $575,000, and net sales of $550,000.…

A: The total asset turnover is calculated by dividing the net sales by the average total assets.