McDonald’s Corporation reports total average assets of $28.9 billion and net sales of $20.5 billion. What is the company’s asset turnover? (Round answer to 2 decimal places, e.g. 15.25.)

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

A: Asset turnover ratio:  Asset turnover ratio measures the productive capacity of the total assets to…

Q: Last year, Beecher Manufacturing had a 12.5% ROA, net income of $800,000, and net sales of…

A: Formula: Return on assets (ROA) = Net income / Average assets Asset turnover ratio = Net sales /…

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: Firm C has net income of $136,000, turnover of 1.91, and ROI of 23.90%. Calculate the firm's margin,…

A: Margin will be calculated by dividing ROI with Turnover. Sales will be calculated by dividing the…

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: 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: If the total asset turnover of ABC company is 1.2 times and the sales of the same company is 600…

A: Total asset turnover = 1.2 times Sales = 600 million

Q: JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million…

A: Here, Sales is $1,110,000 Accounts Receivable is $52,000 Total Assets is $5,120,000 Fixed Assets is…

Q: PMM has $17 million in sales, its ROE is 17%, and its total asset turnover is 3.2X.  Common equity…

A:

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: Net sales of an enterprise are 360,000, short-term liabilities are 25,000, and fixed assets are…

A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…

Q: A company reports the following:Sales…

A: Formula to calculate asset turnover ratio:

Q: Easy Company provided the following statement of financial position at year-end and income statement…

A: Operating segments refer to component of the firm. These segments have discrete revenues and…

Q: Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it…

A: Formulas: Asset turnover ratio = Sales / average value of assets…

Q: ABC Company reported in 2021 sales of P15,000,000, an asset turnover ratio of 3.0, and a rate of…

A: Asset turnover ratio = Sales/Average total assets Return on average assets = Net income/Average…

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

A: Given, In 2020 Net Income = P 11.44 million Net Revenue = P 80 million Beginning Assets = P 14…

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: The following information was drawn from the accounting records of Jones Company. (Round your ang…

A: Assets turnover ratio = Net sales / Average total 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: 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: 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: Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it…

A: As A part is scratched of so we are answering only B part based on given data.

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

A:

Q: Your company has net sales revenue of $43 million during the year. At the beginning of the year,…

A: Fixed asset turnover ratio = Net sales revenue/Average fixed assets, where, Average fixed assets =…

Q: Nintendo Company, Ltd., recently reported the following financial information (amounts in millions).…

A: Current ratio: The financial ratio which evaluates the ability of a company to pay off the debt…

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: Target in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average…

A: Calculate target asset turnover: Asset turnover = Net sales / Average total assets Asset turnover =…

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: Wal-Mart Stores, Inc. in 2014 reported net income of$16.4 billion, net sales of $482.2 billion, and…

A:

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 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: 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: Net

A: Formula for Return on equity: ROE = Net income/Shareholder's equity Asset turnover ratio = Net…

Q: Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it…

A: As requested to ignore B so we are answering only Part A.

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.