A company has net sales of $12 million, a profit of $1.5 million, and a total asset turnover of 2.0 times. What is the return on assets (ROA)? a) 18% b) 25% c) 12% d) 30%
Q: Provide correct answer general accounting question
A: Step 1: Define Debt-to-Equity RatioThe Debt-to-Equity Ratio is a financial metric that compares a…
Q: What is the compliance rate?
A:
Q: I need help with this solution and accounting
A: Step 1: Definition of Contribution Margin per Unit The contribution margin per unit is the amount…
Q: Please provide correct answer general accounting question
A: Step 1: Define Price-Earnings (P/E) RatioPrice-Earnings (P/E) Ratio: This ratio measures the…
Q: 1.25.12-PacificCoast Hotel's laundry department uses load optimization tracking. Each washer has…
A: Step 1: Step 2: Step 3: Step 4:
Q: Quick answer of this accounting questions
A: Step 1: Definition of Debt to Equity RatioThe debt-to-equity ratio measures a company's financial…
Q: You have reviewed the utility bills for your company. You havedetermined that the highest and lowest…
A: Step 1: DefinitionsHigh-Low Method: The high-low method is a cost estimation technique used to…
Q: Compute the dollar sales to earn the target pre tax net income of this accounting question
A: Step 1: Definition of Dollar Sales to Earn Target Pre-Tax Net IncomeDollar Sales to Earn Target…
Q: For this year, Jackson Enterprises has $25,000 net earnings on the income statement and $10,000 net…
A: Concept of Net Earnings:Net earnings, also known as net income or profit, represent the company's…
Q: Northeast Regional Hospital uses a job-order costing system to track patient charges. The following…
A: Step 1: Definition of Predetermined Overhead RateA predetermined overhead rate is a cost assigned to…
Q: account
A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL)…
Q: Choose the correct option
A: Step 1: DefinitionsPetty Cash Fund: A petty cash fund is a small amount of cash kept on hand by a…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Over- and Under-Applied OverheadOverhead is applied to jobs using a…
Q: What is the amount of liabilities for Jassi?
A: Step 1: DefinitionsAccounting Equation: The accounting equation is the fundamental principle of…
Q: What is the answer for A.B. ? General accounting question
A: Step 1: Define Predetermined Overhead Rate (POHR)The Predetermined Overhead Rate (POHR) is…
Q: help me with this General accounting question
A: Step 1: Define Net ProfitNet profit is the final profit earned after deducting all related expenses…
Q: what are the net sales for the year?
A: Step 1: Definition of Net SalesNet Sales refers to the actual revenue generated by a business from…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Cash BalanceThe cash balance refers to the amount of money a company has…
Q: General accounting
A: Step 1: Define Accrued Interest PayableAccrued Interest Payable is the interest expense that has…
Q: Marino Enterprises had annual sales of $75 million that occurred evenly throughout the 365 days of…
A: Explanation of Annual Sales:Annual sales refer to the total revenue a company generates from selling…
Q: American Tech Solutions owns a subsidiary in Germany. The subsidiary had taxable income of $80…
A: Step 1: Definition of Tax on Foreign Subsidiary IncomeU.S. corporations generally owe taxes on…
Q: Hello teacher please provide correct answer of this general accounting question
A: Step 1: Define Maturity ValueThe Maturity Value of a note is the total amount that must be paid at…
Q: Metro Corp. acquires a patent from Maxwell Co. in exchange for 3,000 shares of Metro Corp.'s $5 par…
A: Explanation of Patent:A patent is an intangible asset that grants exclusive rights to an invention…
Q: Not need chart gpt solution please given answer general accounting question
A: Step 1: Define Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit Analysis (CVP) helps in…
Q: Provide Accurate Answer
A: Step 1: Definition of Notes ReceivableA notes receivable is a written promise by a borrower to pay a…
Q: Provide correct solution this financial accounting question not use ai
A: Step 1: Define Capital ImprovementsCapital Improvements are expenses incurred to enhance or improve…
Q: Sub general accounting
A: Step 1: Definition of Operating LeverageOperating Leverage: It measures how sensitive a company's…
Q: Question 5.2
A: Concept of Gross Profit MethodThe gross profit method is a technique used to estimate ending…
Q: General accounting question
A: Step 1: Definition of Lump-Sum Purchase AllocationLump-Sum Purchase Allocation is the process of…
Q: I want answer
A: Step 1: Definition of Units Started or Transferred InUnits Started or Transferred In: This refers to…
Q: Answer? ? Financial accounting
A: Step 1: Define Predetermined Overhead RateThe Predetermined Overhead Rate is calculated by dividing…
Q: Step by step solution
A: Concept of Accounts Receivable:Accounts receivable refers to the money owed by customers to a…
Q: ?
A: To calculate the firm's PEG (Price/Earnings to Growth) ratio, follow these steps:Given Data:Stock…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Debt to Equity RatioThe Debt to Equity Ratio measures a company's financial…
Q: can you help me with this General accounting question
A: Step 1: Define Accounts Receivable Period & Average Investment in Accounts ReceivableAccounts…
Q: Net sales total $803,000 Beginning andending accounts receivable are $80,000 and $74,000,…
A: Step 1: DefinitionsNet Sales refer to the total revenue a company earns from selling goods or…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Gross Profit RateThe Gross Profit Rate measures the percentage of revenue that…
Q: Answer
A: Step 1: DefinitionsExplanation of Cost AllocationCost allocation is the process of distributing…
Q: Provide accurate solution the following requirements on these financial accounting
A: Step 1: Definition of Working Capital and Current RatioWorking Capital: The difference between…
Q: On January 1, 2013, R Corporation leased equipment to Hela Company. The lease term is 9 years. The…
A: Step 1: DefinitionsExplanation of Sales-Type LeaseA sales-type lease is a lease arrangement where…
Q: Solve this Accounting Problem
A: Provided Data:Units Sold Last Year: 3,000 unitsPrice Per Unit Last Year: $50Projected Increase in…
Q: Financial Account
A: Step 1: Definition of Direct Labor Efficiency VarianceThe Direct Labor Efficiency Variance measures…
Q: Provide solution a and b
A: Step 1: Definition of Activity RateActivity Rate: The activity rate is the cost per unit of…
Q: Kindly help me with accounting questions
A: 1. Calculate the Predetermined Overhead Rate (POHR)The company uses a predetermined overhead rate…
Q: Martin Hughes earns net self-employment income of $157,100. He works a second job from which he…
A: To calculate Martin's Self-Employment (SE) Tax, follow these steps carefully:Step 1: Identify Given…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Net Operating Income (NOI)Net Operating Income (NOI) is the profit generated…
Q: Calculate fixed costs per month on these general accounting question
A: Step 1: Define High-Low MethodThe High-Low Method is a cost estimation technique used to determine…
Q: What is its ROE
A: To calculate the Return on Equity (ROE), we use the DuPont formula:ROE=Profit Margin×Total Asset…
Q: Glacier Textiles uses a standard costing system. The following data are available for November: • •…
A: Step 1: Definition of Material Price VarianceMaterial Price Variance (MPV): It measures the…
Q: MCQ
A: Let's calculate the total cash paid at maturity.Given:Principal = $120,000Interest rate = 9% per…
what is the return on assets ROA)?
Step by step
Solved in 2 steps
- Doverly Co. has total assets of $9,200,000 and a total asset turnover of 2.10 times. Assume the return on assets is 10.5%. What is the profit margin?General accountingA return on assets of 5.15% means that a company is earning: a.a $5.15 return on every $100 invested in long-term assets. b.a $5.15 return on every $100 of total assets. c.a $5.15 return on every $100 of assets minus liabilities. d.a $5.15 return on every $100 of current assets.