Sales $2,400,000   Average total assets (excluding long-term investments) 1,500,000   Determine the asset turnover ratio

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: 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: The Home Depot reported the following data (in millions) in its recent financial statements: Year 2…

A: The asset turnover ratio measures the value of a company's sales or revenue relative to the value of…

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

A: Return on assets =Net earnings / Average total assets Where, Average total assets = (total assets,…

Q: Asset turnover A company reports the following: Sales $1,729,350 823,500 Average total assets…

A: Assets Turnover Ratio :— It is the ratio of net sales and average total assets.   Average total…

Q: The Sports Shack reports net income of $120,000, sales of $1,200,000, and average assets of…

A:

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: 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: Asset turnover A company reports the following: Sales $1,284,150 Average total assets (excluding…

A: Asset Turnover Ratio = Sales Average total assets

Q: Allied Construction and Axis Construction reported the following information in their annual…

A: The ratio analysis helps to analyse the financial statements of the business on regular basis.…

Q: A company reports the following:Sales…

A: Formula to calculate asset turnover ratio:

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

A:

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: Step Up Ladders Company provides the following financial​ information:   Income from operations…

A: The return on investment is calculated as income from operations divided by average total assets.

Q: In its 2014 annual report, Campbell Soup Company reports beginning-of-the-year total assets of…

A: Determine 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 net income reported on the income statement for the current year was $210,000. Depreciation…

A: The cash flow statement is an essential part of the financial statements of the organization. It is…

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: Computing the asset turnover ratio Biagas, Inc. had net sales of $55,500,000 for the year ended May…

A: Asset turnover ratio = Net sales / Average total assets Where, Average total assets = ( Beginning…

Q: The net income reported on the income statement for the current year was $210,000. Depreciation…

A: Statement of cash flows: All cash in and out transactions of the business are recorded in statement…

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

A: Asset turnover ratio = Sales/Average total assets

Q: The net income reported on the income statement for the current year was $210,000. Depreciation…

A: Cash flow from operating activities determine the actual cash inflows or outflows from the operating…

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: Asset turnover A company reports the following: Sales $6,480,000 Average total assets 2,400,000…

A: 1.  The assets turnover ratio = Sales / Average total assets (excluding long term investment)

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: Brad’s BBQ reported sales of $735,000 and net income of $28,000. Brad’s also reported ending total…

A:

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

A: The formula to compute asset turnover ratio as follows: Asset turnover=SalesTotal assets

Q: Given the following account balances at year end, compute the total intangible assets on the balance…

A: INTANGIBLE ASSETS ARE ASSETS WHICH HAVE NO PHYSICAL SUBSTANCE AND CANNOT BE SEEN AND TOUCHED.

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: Asset turnover A company reports the following: Sales $1,102,500 Average total assets (excluding…

A: >Asset Turnover Ratio--The Asset Turnover ratio measures how efficiently the asset invested are…

Q: Blue Sun has total assets of $350, current assets of $225, and sales of $600. What is their Asset…

A: Asset turnover ratio is an efficiency ratio which will help in finding out the ability of company to…

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

A: Ratio analysis helps the manager to evaluate the current performance and take action that increases…

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.