FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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Chapter 8, Problem 2BTN
1.
Summary Introduction
Introduction:
To compute: Assets turnover for recent two years of A and G
2.
Summary Introduction
Introduction: Journal entry is a technique of booking and recording the financial transactionin chronological mannerof any company. Account receivable is an amount of money which company has to receive from someone for any provided service or for sale of product.
To determine: The Company which is more efficient in generating net sales.
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Comparative figures for Apple and Google follow.
Apple
One Year
Current Year Prior
$338,516 $ 365,725
260,174
265,595
$ millions
Total assets
Net sales
Complete this question by entering your answers in the tabs below.
Apple
Google
Required:
1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown.
2. In the current year, which company is more efficient in generating net sales given total assets?
3. Does asset turnover underperform or outperform the 0.5 industry asset turnover for (a) Apple and (b) Google?
Total Asset Turnover
Two Years
Prior
$375,319
229, 234
Current Year
Required 1 Required 2 Required 3
Compute total asset turnover for the most recent two years for Apple and Google using the data shown.
Note: Round your answers to 2 decimal places.
0.61 times
times
Current Year
$ 275,909
161,857
One Year Prior
times
times
Required 1
Google
One Year
Prior
$ 232,792
136,819
Two Years
Prior
$ 197,295
110,855
Required 2 >
Barry's BBQ had sales revenue for the year of $400 million and net income of $30 million. Total assets were $50 million at the
beginning of the year, and $60 million at the end of the year.
Required:
Calculate the following ratios: (Do not round intermediate calculations. Round your answers to one decimal place.)
1. Return on assets ratio
2. Profit margin ratio
3. Asset turnover ratio
Return on assets
Profit margin
Asset turnover
%
times
Suppose the years 2005 to 2009 were a period of rapid growth for a certain chain of coffeehouses and the company's revenues grew by more than 50% during that period. Use the hypothetical financial data for the company to answer the questions.
chart shown (attached) then questions:
(A): Calculate the asset turnover ratio for 2008 and 2009. (Round your answers to two decimal places.)
2008=
2009=
(B):
Calculate the net profit margin (as a %) for 2007, 2008, and 2009. (Round your answers to the nearest tenth of a percent.)
2007 = %
2008 = %
2009 = %
(C): Calculate the return on investment (as a %) for 2007, 2008, and 2009. (Round your answers to the nearest tenth of a percent.)
2007 = %
2008 = %
2009 = %
Chapter 8 Solutions
FINANCIAL ACCT-CONNECT
Ch. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQCh. 8 - Prob. 7DQCh. 8 - Prob. 8DQCh. 8 - Identify events that might lead to disposal of a...Ch. 8 - Prob. 10DQ
Ch. 8 - Prob. 11DQCh. 8 - Prob. 12DQCh. 8 - Prob. 13DQCh. 8 - Prob. 14DQCh. 8 - Prob. 15DQCh. 8 - Prob. 16DQCh. 8 - Prob. 17DQCh. 8 - Prob. 18DQCh. 8 - Prob. 19DQCh. 8 - Prob. 20DQCh. 8 - Prob. 21DQCh. 8 - Prob. 1QSCh. 8 - Prob. 2QSCh. 8 - Straight-line depreciation P1 On January 2, 2016,...Ch. 8 - Prob. 4QSCh. 8 - Computing revised depreciation C2 On January 2,...Ch. 8 - Prob. 6QSCh. 8 - Prob. 7QSCh. 8 - Prob. 8QSCh. 8 - Prob. 9QSCh. 8 - Prob. 10QSCh. 8 - Identify the following assets a through i as...Ch. 8 - Prob. 12QSCh. 8 - Prob. 13QSCh. 8 - Caleb Co. owns a machine that costs $42,400 with...Ch. 8 - Prob. 15QSCh. 8 - Prob. 1ECh. 8 - Prob. 2ECh. 8 - Prob. 3ECh. 8 - Prob. 4ECh. 8 - Prob. 5ECh. 8 - Prob. 6ECh. 8 - Prob. 7ECh. 8 - Prob. 8ECh. 8 - Prob. 9ECh. 8 - Prob. 10ECh. 8 - Prob. 11ECh. 8 - Prob. 12ECh. 8 - Prob. 13ECh. 8 - Prob. 14ECh. 8 - Prob. 15ECh. 8 - Prob. 16ECh. 8 - Partial-year depreciation; disposal of plant asset...Ch. 8 - Prob. 18ECh. 8 - Prob. 19ECh. 8 - Prob. 20ECh. 8 - Prob. 21ECh. 8 - Prob. 22ECh. 8 - A Exchanging assets P5 Gilly Construction trades...Ch. 8 - Recording plant asset disposals P2 P5 On January...Ch. 8 - Prob. 25ECh. 8 - Plant asset costs; depreciation methods C1 P1...Ch. 8 - Prob. 2PSACh. 8 - Prob. 3PSACh. 8 - Prob. 4PSACh. 8 - Prob. 5PSACh. 8 - Onslow Co. purchases a used machine for $178,000...Ch. 8 - Prob. 7PSACh. 8 - Prob. 8PSACh. 8 - Prob. 1PSBCh. 8 - Prob. 2PSBCh. 8 - Asset cost allocation; straight-line depreciation...Ch. 8 - Computing and revising depreciation; revenue and...Ch. 8 - Computing and revising depreciation; selling plant...Ch. 8 - Prob. 6PSBCh. 8 - Prob. 7PSBCh. 8 - Prob. 8PSBCh. 8 - Prob. 8SPCh. 8 - Prob. 1BTNCh. 8 - Prob. 2BTNCh. 8 - Prob. 3BTNCh. 8 - Teams are to select an industry, and each team...Ch. 8 - Prob. 5BTNCh. 8 - Prob. 7BTNCh. 8 - Prob. 9BTN
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