1025 net sales cost of goods sold 682 343 gross profit margin depreciation 31 operating expense administrative expense 103 127 operating profit 82 interest 27 profit before tax 55 17 taxes net income 38 liabilities assets notes payable accounts payable cash 61 223 286 152 a/r 354 inventory асcruals 32 701 total current liabilities 407 current assets net fixed assets 802 long term debt 306 common stock (1.50 par) 102 226 paid in surplus retained earnings 462 total liabilities and stockholder's equity 1503
1025 net sales cost of goods sold 682 343 gross profit margin depreciation 31 operating expense administrative expense 103 127 operating profit 82 interest 27 profit before tax 55 17 taxes net income 38 liabilities assets notes payable accounts payable cash 61 223 286 152 a/r 354 inventory асcruals 32 701 total current liabilities 407 current assets net fixed assets 802 long term debt 306 common stock (1.50 par) 102 226 paid in surplus retained earnings 462 total liabilities and stockholder's equity 1503
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
using the table (image attached), calculate the fixed asset turnover ratio for BMC.
For my end of the work, I am getting 1025 for the net sales but am not sure how to calculate the average fixed assets to solve for the problem
Transcribed Image Text:1025
net sales
cost of goods sold
682
343
gross profit margin
depreciation
31
operating expense
administrative expense
103
127
operating profit
82
interest
27
profit before tax
55
17
taxes
net income
38
liabilities
assets
notes payable
accounts payable
cash
61
223
286
152
a/r
354
inventory
асcruals
32
701
total current liabilities
407
current assets
net fixed assets
802
long term debt
306
common stock (1.50 par)
102
226
paid in surplus
retained earnings
462
total liabilities and stockholder's equity
1503
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