EBK BUSINESS MATH
11th Edition
ISBN: 8220103633802
Author: NOBLE
Publisher: RENT PEARS
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 21.3, Problem 4SE
To determine
To calculate: The asset turnover ratio of Proud Larry’s Grill that have a net sales of $289512 and average total assets of $145753.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Suppose a mutual fund has a portfolio of stocks that have a market value of $10.75 billion and the company has 900 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund?
Suppose that a computer store just announced an 5% decrease in the price of a particular
computer model. If this computer sells for $1,927 after the decrease, find the original price of
this computer.
the following table showsthe relationship between your wealth and your utility.
Chapter 21 Solutions
EBK BUSINESS MATH
Ch. 21.1 - Prob. 1-1SCCh. 21.1 - Prob. 1-2SCCh. 21.1 - Prob. 1-3SCCh. 21.1 - Prob. 1-4SCCh. 21.1 - Prob. 2-1SCCh. 21.1 - Prob. 2-2SCCh. 21.1 - Prob. 2-3SCCh. 21.1 - Prob. 2-4SCCh. 21.1 - Prob. 3-1SCCh. 21.1 - Prob. 3-2SC
Ch. 21.1 - Prob. 3-3SCCh. 21.1 - Prob. 3-4SCCh. 21.1 - Prob. 1SECh. 21.1 - Prob. 2SECh. 21.1 - Prob. 3SECh. 21.1 - Prob. 4SECh. 21.1 - Prob. 5SECh. 21.1 - Prob. 6SECh. 21.1 - Prob. 7SECh. 21.1 - Prob. 8SECh. 21.1 - Prob. 9SECh. 21.1 - Prob. 10SECh. 21.1 - Prob. 11SECh. 21.1 - Prob. 12SECh. 21.2 - Prob. 1-1SCCh. 21.2 - Prob. 1-2SCCh. 21.2 - Prob. 1-3SCCh. 21.2 - Prob. 1-4SCCh. 21.2 - Prob. 2-1SCCh. 21.2 - Prob. 2-2SCCh. 21.2 - Prob. 2-3SCCh. 21.2 - Prob. 2-4SCCh. 21.2 - Prob. 1SECh. 21.2 - Prob. 2SECh. 21.2 - Prob. 3SECh. 21.2 - Prob. 4SECh. 21.2 - Prob. 5SECh. 21.2 - Prob. 6SECh. 21.2 - Prob. 7SECh. 21.3 - Prob. 1-1SCCh. 21.3 - Prob. 1-2SCCh. 21.3 - Prob. 1-3SCCh. 21.3 - Prob. 1-4SCCh. 21.3 - Prob. 1-5SCCh. 21.3 - Prob. 1-6SCCh. 21.3 - Prob. 1-7SCCh. 21.3 - Prob. 1-8SCCh. 21.3 - Prob. 1-9SCCh. 21.3 - Prob. 1-10SCCh. 21.3 - Prob. 1SECh. 21.3 - Prob. 2SECh. 21.3 - Prob. 3SECh. 21.3 - Prob. 4SECh. 21.3 - Prob. 5SECh. 21.3 - Prob. 6SECh. 21.3 - Prob. 7SECh. 21.3 - Prob. 8SECh. 21.3 - Prob. 9SECh. 21.3 - Prob. 10SECh. 21 - Prob. 1ESCh. 21 - Prob. 2ESCh. 21 - Prob. 3ESCh. 21 - Prob. 4ESCh. 21 - Prob. 5ESCh. 21 - Prob. 6ESCh. 21 - Prob. 7ESCh. 21 - Prob. 8ESCh. 21 - Prob. 9ESCh. 21 - Prob. 10ESCh. 21 - Prob. 11ESCh. 21 - Prob. 12ESCh. 21 - Prob. 13ESCh. 21 - Prob. 14ESCh. 21 - Prob. 15ESCh. 21 - Prob. 16ESCh. 21 - Prob. 17ESCh. 21 - Prob. 18ESCh. 21 - Prob. 19ESCh. 21 - Prob. 20ESCh. 21 - Prob. 21ESCh. 21 - Prob. 22ESCh. 21 - Prob. 23ESCh. 21 - Prob. 24ESCh. 21 - Prob. 25ESCh. 21 - Prob. 26ESCh. 21 - Prob. 1PTCh. 21 - Prob. 2PTCh. 21 - Prob. 3PTCh. 21 - Prob. 4PTCh. 21 - Prob. 5PTCh. 21 - Prob. 6PTCh. 21 - Prob. 7PTCh. 21 - Prob. 8PTCh. 21 - Prob. 9PTCh. 21 - Prob. 10PTCh. 21 - Prob. 11PTCh. 21 - Prob. 12PTCh. 21 - Prob. 1CTCh. 21 - Prob. 2CTCh. 21 - Prob. 3CTCh. 21 - Prob. 4CTCh. 21 - Prob. 5CTCh. 21 - Prob. 6CTCh. 21 - Prob. 7CTCh. 21 - Prob. 8CTCh. 21 - Prob. 9CTCh. 21 - Prob. 10CTCh. 21 - Prob. 11CTCh. 21 - Prob. 1CPCh. 21 - Prob. 2CPCh. 21 - Prob. 3CPCh. 21 - Prob. 1CS1Ch. 21 - Prob. 2CS1Ch. 21 - Prob. 3CS1Ch. 21 - Prob. 1CS2
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- In Example 11, during which year did the sales reach $180 billion?arrow_forwardThe comparative income statement of Lawn Products, Inc. showed sales of $325,000 in 2004 and $494,450 in 2005. Compute the percentage of net change in sales. (Round answer to one decimal place.)arrow_forwardSuppose a mutual fund has a portfolio of stocks that have a market value of $10.75 billion and the company has 900 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund? Round to the nearest cent. Disregard the fees that may be charged by the company.arrow_forward
- Suppose that the price of a product has decreased by 56%. Express this value as an index number.arrow_forwardPlease show steps in Excel. The 32 teams in the National Football League (NFL) are worth, on average, $1.17 billion, 5% more than last year. The datafile NFLTEAMVALUE shows the annual revenue ($millions) and the estimated team value ($ millions) for the 32 NFL teams (Forbes website, February 28, 2014). a.Develop a scatter diagram with Revenue on the horizontal axis and Value on the vertical axis. Does there appear that there is any relationship between the two variables? b. What is the sample correlation coefficient? What can you say about the strength of the relationship between Revenue and Value? Team Revenue ($ millions) Current Value ($ millions) Arizona Cardinals 253 961 Atlanta Falcons 252 933 Baltimore Ravens 292 1,227 Buffalo Bills 256 870 Carolina Panthers 271 1,057 Chicago Bears 298 1,252 Cincinnati Bengals 250 924 Cleveland Browns 264 1,005 Dallas Cowboys 539 2,300 Denver Broncos 283 1,161 Detroit Lions 248 900 Green Bay Packers 282 1,183 Houston…arrow_forwardThe following information on maintenance and repair costs and revenues for the last two years is available from the accounting records at Arnie’s Arcade & Video Palace. Arnie has asked you to help him understand the relation between business volume and maintenance and repair cost. Month Maintenance and Repair Cost ($000) Revenues ($000) July $2.31 $59.00 August 3.28 53.00 September 2.80 49.00 October 2.21 65.00 November 2.30 77.00 December 1.14 105.00 January 3.12 45.00 February 3.16 51.00 March 3.02 61.00 April 2.98 63.00 May 2.04 67.00 June 1.78 79.00 July 2.60 73.00 August 2.02 67.00 September 2.57 75.00 October 2.38 77.00 November 1.43 87.00 December 0.76 117.00 January 2.58 61.00 February 2.28 63.00 March 1.69 83.00 April 1.95 87.00 May 1.95 73.00 June 1.33 69.00 Required: Using Excel, estimate a linear regression with maintenance and repair cost as the dependent variable and revenue as the independent variable.…arrow_forward
- Starbucks Corporation had annual sales of approximately $13.3 billion in 2012 and $16.4 billion in 2014. Without knowing any additional information, what would you estimate the 2013 sales to have been?arrow_forwardOnline retail sales stood at $15.5 billion for 2000. For the next 2 yr, they grew by 33.2% and 27.8% per year, respectively. For the next yronline retail sales are projected to grow at 30.5%, 19.9%24.3, 14.0, 19.8%, and 13.4% per year, respectively. What are the projected online for 2008arrow_forwardDetermine the market potential for a product that has 20 million prospective buyers who purchase an average of two per year and price averages $50. How many units must a company sell if it desires a 10% share of this market?arrow_forward
- Suppose you own stock in Beach Front Resort Inc. which had earnings of $2.09 per share last year. If yesterday's closing price was $57.83, what is the price-earnings ratio of the stock?arrow_forwardA short article in the January 10, 2011 edition of The New York Times discussed the amount spent on DVDs over the past six years: (In 2004) consumers spent about $21.8billion to rent and and buy DVDs, Blu-ray discs, digital downloads and other forms of home entertainment...The number has fallen every year since, for a total drop of about 13.8 percent, to $18.8 billion in 2010. The reporter noted that the actual drop was about double what it seemed to be when the figures were adjusted for inflation: $21.8 billion figure from 2004 would amount to $25.3billion in current dollars. If we adjust for inflation, how dramatic is the drop in spending over the six year period? check_circlearrow_forwardOn Monday, a company stock closed at a price of $30.80 per share. On Tuesday, it increased by $1.20 per share. On Wednesday, it fell by 6.25%. On Thursday, it fell by another 4%, and on Friday, it increased by 2.5%. What is the net change in the stock price from Monday to Friday?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781337278461
Author:Ron Larson
Publisher:Cengage Learning
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY