5-19. Computing and Comparing PPE Turnover for Two Com Texas Instruments Inc. and Intel Corporation report the following information. $ millions 2018 2017 Intel Corporation Sales $70,848 62,761 Plant, Property and Equipment, net $48,976 41,109 Texas Instruments Sales $15,784 14,961 Plant, Property and Equipment, net $3,183 2,664 a. Compute the 2018 PPE turnover for both companies. Comment on any difference observed. b. Discuss ways in which high-tech manufacturing companies like these can increase their PPE turnover.

5-19. Computing and Comparing PPE Turnover for Two Com Texas Instruments Inc. and Intel Corporation report the following information. $ millions 2018 2017 Intel Corporation Sales $70,848 62,761 Plant, Property and Equipment, net $48,976 41,109 Texas Instruments Sales $15,784 14,961 Plant, Property and Equipment, net $3,183 2,664 a. Compute the 2018 PPE turnover for both companies. Comment on any difference observed. b. Discuss ways in which high-tech manufacturing companies like these can increase their PPE turnover.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following are financial data taken from the annual report of Foundotos Company: Year 2 $134,448 51,981 37,154 57,504 Net sales Gross property, plant and equipment Accumulated depreciation Intangible assets (net) A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Foundotos? Year 1 $130,060 47,744 34,180 36,276
Calculate the total asset turnover (sales / total assets) for the firm below. Make sure you do NOT convert your answer and keep 2 decimals for your final answer.....for examples, if you calculate 6,000/400 = 15, you should enter 15 into BB to be marked correct. Sales 4000 COGS $1,200 Depreciation $800 Interest $500 Net Income $200 Total Assets 1700
Questions related to the Statement of Financial position: What is the most liquid Asset account for Emirates in 2018? State the account name and respective. Calculate the Current Ratio for the year 2018. PLEASE MAKE SURE THE ANSWER IS CORRECT 100%
Please help me with show all calculation thanku
H inc manufactures equipment for metal testing. It also manufactures the electronicchips that go into the manufacture of the testing equipment.The company has a well-established cost and management accounting system. The costaccounting system records the actual manufacturing costs for the electronic chips and thetesting equipment, and also produces standard unit costs for the purposes of budgeting andvariance analysis.The management accountant of H Inc is pleased with themanagement information system that is in place within the company, and is particularlyproud of the budgetary control reporting system that provides monthly control reports tothe board within one week of the end of each month.The market for metal testing equipment is growing at a reasonable rate, but there are threeother competitors in the market. Competition between them is strong and consequentlyprofit margins are fairly low at the moment, although H Inc is operating at a profit.H Inc senior management are not sure…
Vaibhav
The 2023 annual report for Pronghorn Industries Inc. contained the following information: Dec. 31, 2022 Dec. 31, 2023 Total assets 561,000 605,000Total liabilities 65,400 88,900Net revenue 410,000 530,000Net income 54,000 32,000 (a) Calculate the asset turnover ratio for 2023. (Round answer to 2 decimal places, e.g. 52.75.) b) Calculate the profit margin on sales for 2023. c) Calculate the rate of return on assets using total assets for 2023. d) Calculate the rate of return on assets using profit margin for 2023
Select financial statement data for two recent years for Davenport Company are as follows: Line Item Description 20Y5 20Y4 Sales $2,011,500 $1,088,000 Fixed assets: Beginning of year 720,000 640,000 End of year 770,000 720,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round your answers to one decimal place. Line Item Description 20Y5 20Y4 Fixed Asset Turnover Ratio fill in the blank 1 of 2 fill in the blank 2 of 2
Forecast an Income Statement Following is the income statement for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $27,807 Costs and expenses Cost of products sold 8,331 Research and development expense 2,330 Selling, general, and administrative expense 9,480 Amortization of intangible assets 1,605 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 5,439 Other nonoperating income, net (373) Interest expense 1,314 Income before income taxes 4,498 Income tax provision 547 Net income 3,951 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $3,932 Use the following assumptions to prepare a forecast of the company’s income statement for FY2020. Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal…
Please provide answer in text (Without image)
Baldwin, Inc. had net sales of $52,200,000 for the year ended May 31, 2024. Its beginning and ending total assets were $55,200,000 and $88,800,000, respectively. Determine Baldwin's asset turnover ratio for year ended May 31, 2024. (Round the asset turnover ratio to two decimal places, X.XX.) Asset turnover ratio C
. In 2018, a company had beginning total assets of $923,000, and ending total assets of $871,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover is equal to: A. 0.82 B. 0.90 C. 1.09 D. 1.11