How many dollars worth of sales are generated from every $1 in total assets on these accounting question? A firm has net working capital of $425, net fixed assets of$2,282, sales of $6,000, and current liabilities of $800. Howmany dollars worth of sales are generated from every $1 intotal assets?A. $1.71B. $2.63C. $2.36D. $1.35E. $1.95

Step 1: Define Asset TurnoverThe asset turnover ratio is a measure of the efficiency of asset use.…

Answered: A firm has net working capital of $425,…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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AMT. Inc.'s net income for this quarter is $500,000. The publicized return on assets (ROA) is 34.5 % . Estimate the firm's total asset to the closet possible. a. $1,500,000 c. $2,450,000 b. $ 1,450,000 d. $2,005,500
A firm has net working capital of $580, net fixed assets of $2,326, sales of $6,900, and current liabilities of $890. How many dollars worth of sales are generated from every $1 in total assets?
A return on assets of 5.15% means that a company is earning: O a. a $5.15 return on every $100 of assets minus liabilities. O b. a $5.15 return on every $100 of total assets. O c. a $5.15 return on every $100 of current assets. O d. a $5.15 return on every $100 invested in long-term assets.
A 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.
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A company has net income of $300,000, net sales of $2,500,000, and total assets of $2,000,000. Its return on total assets equals a. 6.7%. c. 8.3%. e. 15.0%. b. 12.0%. d. 80.0%.
A firm has net working capital of $25,089. Long-term debt is $106,286.6, total assets are $151,838, and net fixed assets are $113,878.5. What is the amount of the total liabilities? O 134,340.90 -134,340.90 119,157.10 O 37,959.50 O 144,246.10
14. Briggs Company has operating income of $33,516, invested assets of $133,000, and sales of $478,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin ____ % b. Investment turnover ____ c. Return on investment ____ %
Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,058,000 in invested assets, sales of $1,229,000, income from operations amounting to $202,000, and a desired minimum return of 12%. Round the percentage to one decimal place. The profit margin for Mason Corporation is Oa. 19.1% Ob. 16.4% Oc. 86.1% IC. Od. 12.0%
Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,118,000 in invested assets, sales of $1,204,000, income from operations amounting to $232,000, and a desired minimum return of 13%. Round your answer to two decimal places. The investment turnover for Mason Corporation is Oa. 0.86 Ob. 1.62 Oc. 1.08 Od. 1.29 Previous Next 7:34 PM CP 12/13/2020 DELL
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A firm has net working capital of $425, net fixed assets of $2,282, sales of $6,000, and current liabilities of $800. How many dollars worth of sales are generated from every $1 in total assets? A. $1.71 B. $2.63 C. $2.36 D. $1.35 E. $1.95