a. Return on equity b. Total assets turnover c. Return on assets
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a. Return on equity
b. Total assets turnover
c. Return on assets
d. Current ratio
e. Receivables turnover
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Receivables turnover of 11.33 means. Provide explanation please.
- Which of the following is NOT correct regarding the rate of return on assets? a. The rate of return on assets measures management’s ability to productively employ all its resources. b. The rate of return on assets measures the return on all assets used regardless of how the assets are financed. c. The rate of return on assets is a measure of profitability. d. The rate of return on assets measures the return on the investment made by the owners of the entity. is B the correct answer?Which of the following is (are) acceptable valuation(s) for reporting of assets on the balance sheet? 1. inventories at lower of cost or net realizable value. 2. accounts receivable at net realizable value. 3. plant and equipment at cost 4. investments at acquisition cost Select one: 1 and 4 1 and 3 1 and 2 2 and 4Which of the following statements is true? a. The fixed asset turnover ratio assists managers in determining the estimated future capital expenditures that are needed. b. The average age of the fixed assets is computed by dividing accumulated depreciation by depreciation expense. c. If net sales increases, the fixed asset turnover ratio will decrease. d. A relatively low fixed asset turnover ratio signals that a company is efficiently using its assets.
- Sometimes the value spent by a corporation is recorded as an asset and sometimes as an expense. Find appropriate professional research to answer the following: Define the two terms. How and why are these expenditures different from each other? How are they different from Liabilities? Describe the effects of assets and expenses on the company’s financial statements. In ACC1001 you studied about Current Assets. How do they affect the financial statements differently from fixed assets? Comment on the statement that “all assets are eventually expenses” Please do not copy and paste from other websites!If a company has asset classes that include short-term and long-term investments, what criteria should they employ to determine if an asset is reported as a cash equivalent or an investment on their classified balance sheet?Describe the different methods available for recording depreciation on plant assets. Recommend the approach that you feel would be most advantageous for your selected company and explain why. Discuss the process for reporting contingent liabilities in the financial statements. Provide two examples of contingent liabilities that you might expect to see on your selected company’s balance sheet
- Present an argument to support the idea that your company’s land should not be depreciated, even though the property on the land is depreciated? Using practical example describe how International Accounting Standard 40 would apply to Assets in your company? Depreciation does not involve movement of cash, therefore unnecessary in accounting for an entity’s performance, Discuss?Instructions: Kindly make an analysis about the asset management ratio (Receivable Turnover, Fixed Asset Turnover, and Total Asset turnover) of SM Investment Corporation.S (Presentation of Property, Plant, and Equipment) Carol Keene, corporate comptroller for Dumaine Industries, is trying to decide how to present “Property, plant, and equipment” in the balance sheet. She realizes that thestatement of cash flows will show that the company made a significant investment in purchasing new equipment this year, but overall she knows the company’s plant assets are rather old. She feels that she can disclose one figure titled “Property, plant, and equipment, net of depreciation,” and the result will be a low figure. However, it will not disclose the age of the assets. If she chooses to show the cost less accumulated depreciation, the age of the assets will be apparent. She proposes the following. Check the following image InstructionsAnswer the following questions.(a) What are the ethical issues involved?(b) What should Keene do?
- One financial accounting issue encountered when a companyconstructs its own plant is whether the interest coston funds borrowed to finance construction should becapitalized and then amortized over the life of the assetsconstructed. What is the justification for capitalizingsuch interest?Under the Dupont Technique, which of the following is false? a. Dupont Technique reveals the factors that determines the firm’s return on asset. b. Asset management, as represented by the ratio of net sales and average equity, is one of the factors that is considered in deriving the return on assets. c. The Company’s assessment of asset utilization and profitability can be determined by the Dupont Technique. d.The return on asset is the computed by multiplying the return on sales and the asset turnover.Based on the Massy Group, an investment holding company, answer the following questions. Provide a detail explanation and examples to the answers. Assess the company’s working capital position by analyzing its current assets and liabilities using common methods and measures and perform a comparison/difference to that of another company. Evaluate the efficiency of the company’s working capital management strategies, including inventory management, accounts receivable, and accounts payable and perform a comparison/difference to that of another company. Based on the assessment and evaluation above, provide ten recommendations for improving the company’s working capital management practices, providing examples for each one.