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Arrow's net income of $121 million and average assets of $1,800 million results in a return on assets of 6.72%. true or false
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- The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?Arrow's net income of $121 million and average assets of $1,800 million results in a return on assets of 6.72%.River Corp's total assets at the end of last year were $405,000 and its net income was $32,750. What was its return on total assets?
- G. C. Murphey’s 2016 financial statements show net income of $5,040 million, sales of $306,932 million, and average total assets of $86,700 million.How much is G. C. Murphey’s return on sales for the year?Peyton’s Palace has net income of $15 million on sales revenue of $130 million. Total assets were $96 million at the beginning of the year and $104 million at the end of the year. Calculate Peyton’s return on assets, profit margin, and asset turnover ratios.Antonio Company's net income and net sales are $50,000 and $800,000, respectively, and average total assets are $400,000. What is Antonio's return on assets?
- Reynolds Corp's total assets at the end of last year were $300,000 and its net income after taxes was $25,000. What was its return on total assets?Kreeger's annual financial statements show net operating profit after tax of $2,291 million, net income of$1,979 million, sales of $115,568 million, and average net operating assets of $18,616 million.Kreeger's net operating asset turnover for the year is:Chou Company has a net income of $52,000, assets at the beginning of the year are $259,000 and assets at the end of the year are $309,000. Compute its return on assets.
- Kairos Industries achieved $17 million in sales and $3 million in net income. The value of assets totaled $6 million, as did the equal sum of liabilities plus equity. The company also paid taxes at 32% and interest at 6%. Determine the Net Profit Margin, Assets Turnover Ratio, ROA, ROE and Return on Invested Capital (ROIC).Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its assets are P14 million at the beginning of the year and P18 million at the end of the year. What are Constantine’s asset turnover and profit margin? * ChooseLast year, Genten Company had sales of $7465 million. If Genten’s net profit margin was 0.41 and its return on assets was 0.37, what was Genten’s total assets?