QS 8-13 Computing total asset turnover LO A1 Aneko Company reports the following ($000s): net sales of $17,500 for 2017 and $16,625 for 2016; end-of-year total assets of $18,000 for 2017 and $16,500 for 2016. Compute its total asset turnover for 2017. (Enter your answers in thousands.) Total asset turnover Choose Numerator: Choose Denominator: Total asset turnover %3D Total asset turnover times

QS 8-13 Computing total asset turnover LO A1 Aneko Company reports the following ($000s): net sales of $17,500 for 2017 and $16,625 for 2016; end-of-year total assets of $18,000 for 2017 and $16,500 for 2016. Compute its total asset turnover for 2017. (Enter your answers in thousands.) Total asset turnover Choose Numerator: Choose Denominator: Total asset turnover %3D Total asset turnover times

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 14.8BE: Asset turnover A company reports the following: Sales 4,400,000 Average total assets (excluding...

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Computing Asset Ratios The following information relates to Mazy's Inc. $ millions Total Assets Revenue Net Income Fiscal Year 2015 $47,325 $62,282 $2,461 Fiscal Year 2014 46,926 Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively. Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Compute the asset turnover ratio for fiscal year 2015. Answer b. Compute the return on assets ratio for fiscal year 2015. Answer
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18 eppertree Company’s financial statements on December 31, 2021, showed the following: Net Sales $ 550,000 Fixed Assets, January 1 $ 146,000 Fixed Assets, December 31 $ 134,000 Total Assets, January 1 $ 194,000 Total Assets, December 31 $ 200,000 What is the fixed asset turnover for 2021? Multiple Choice 3.93 2.60 4.10 2.79
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $10,560 $64,188 $97,128 $11,280 Fiscal Year 2015 28,002 200,852 91,803 9,819 Fiscal Year 2014 8,502 55,782 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and 2015. c. Compute the fixed asset turnover ratio for fiscal years 2016 and 2015. Note: Do not round until your final answers. Round final answers to two decimal places. Ratio 2016 2015 a. Asset turnover 0.73 v 0.72 v b. Return on assets 8.53 x 7.65 x c. Fixed asset turnover 5.04 v 5.03 v
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Worksheet chapter 9 Assets 2,980,000 Liabilities 1,250,000 Inventory 1,410,000 Sales 5,000,000 Avg Inventory 1,500,000 Accounts Receivable 1,320,000 Debt 1,000,000 Given the data above, provide the following calculations: Debt ratio Total asset turnover Receivables turnover Inventory turnover Quick ratio Current ratio Given the above data, construct a balance sheet
jDL Coroproation Selected Financial Data as at december 21,2016 Current asset 2,50,000$ Current Liabilities 1,50,000$ Inventories 60,000$ Accounts Receivable 45,000$ Revenue 9,50,000$ Cost of Good Sold 6,75,000$ Note: Ignore averaging for this question JDL's Quick ratio is: 1 0.8 2.45 1.27 JDL's average collection period is: 8 days 11 days 17 days 20 days JDL's inventory turnover is: 9.50 times 11.25 times 4.50 times 5.43 times JDL's receivables turnover is: 24.34 times 22.56 times 21.11 times 20.11 times
Current Asset Current Liabilities COGS Inventory Total Liabilities Total Assets Net Sales Operating Income Gross Profit EBIT EBT Cash Flow Operation Retained Earning Owner's Equity 2018 80,073,836 26,882,064 51,678,144 14,854,944 80,133,248 124,776,768 160,099,728 75,249,200 108,421,584 56,436,900 45,149,520 49,716,192 28,967,893 44,643,520 2017 54,919,520 13,083,840 35,379,840 9,575,808 64,875,200 100,945,824 98,157,888 32,775,808 62,778,048 24,581,856 19,665,485 26,781,248 29,361,440 36,070,624