A firm has net working capital of $570, net fixed assets of $2,316, sales of $6,800, and current liabilities of $880. How many dollars worth of sales are generated from every $1 in total assets? a. $2.94 b. $1.81 c. $2.36 d. $1.54 e. $2.13

A firm has net working capital of $570, net fixed assets of $2,316, sales of $6,800, and current liabilities of $880. How many dollars worth of sales are generated from every $1 in total assets? a. $2.94 b. $1.81 c. $2.36 d. $1.54 e. $2.13

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

See similar textbooks

Related questions

Q: On December 31, 2018, Blackpink Company, a financing institution lent ₱15,000,000 to YG Corp. due 3…

A: 1. Initial carrying value of loans receivable as of December 31, 2018The initial carrying value of…

Q: hello teacher please solve questions general accounting

A: Step 1: Definition of Gross Profit MarginGross profit margin is a financial metric that measures the…

Q: Gnomes R Us just paid a dividend of $3.22 per share. The company has a dividend payout ratio of 64…

A: Key Concepts:1. Dividend Per Share (DPS)- This is the actual cash payment made to shareholders per…

Q: Subject: financial accounting

A: Explanation of Profit Margin: Profit margin is a key financial ratio that measures how much net…

Q: On January 1, 2017, Chintan Corp., a 75% owned subsidiary of Victor Inc., transferred equipment with…

A: Explanation of Intra-Entity Transfer: Intra-entity transfers are transactions that occur between…

Q: General accounting question

A: a) Total Asset TurnoverThe relationship between ROA, profit margin, and total asset turnover is:ROA…

Q: What is it's accounts receivable turnover of this financial accounting question?

A: Accounts receivable turnover is a financial ratio that measures how many times a company collects…

Q: ABC is an all-equity firm that has 44,200 shares of stock outstanding at a market price of $14.70…

A: We are given that ABC is an all‐equity firm with:Number of shares outstanding: 44,200Share price:…

Q: 6 marks

A: Explanation of Contribution Margin:Contribution margin represents the portion of sales revenue that…

Q: Get solution this financial accounting question not use chatgpt

A: Step 1: Define Net Fixed AssetsNet Fixed Assets represent a company's long-term tangible assets,…

Q: 4 PTS

Q: The profit Will

A: Concept of Variable CostsVariable costs are expenses that change directly with the level of…

Q: What is the Equity of this financial accounting question?

A: Step 1: Formula Equity = Assets - Liabilities Step 2: Substitution Equity = Assets -…

Q: For the year

A: Step 1: Predetermined overhead rate Predetermined overhead rate = Estimated manufacturing…

Q: I want to correct answer general accounting question

A: Calculate the Equity Multiplier:The equity multiplier is the ratio of total assets to equity…

Q: Abc

A: Step 1: Define TaxThere are two methods that taxpayers can follow to pay taxes, Cash basis or…

Q: Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of…

A: Step 1: Introduction to factory overheadFactory overheads are defined as indirect costs that are not…

Q: given answer

A: Step 1: Define Manufacturing OverheadManufacturing overhead is allocated based on a predetermined…

Q: What is the margin % related to this year's investment opportunity?

A: Step 1: Calculate the Contribution Margin (CM) from SalesGiven:Sales = $350,000Contribution Margin…

Q: What is the amount of manufacturing overhead incurred by Harrison company in August?

A: Step 1: Definition of Manufacturing Overhead CostManufacturing overhead includes all indirect costs…

Q: Compute the fixed cost portion using the high low method of estimated cost

A: Step 1: Define Cost AccountingCost accounting is a component of managerial accounting that focuses…

Q: Calculate the opereting cash flow?

A: Operating Cash Flow (OCF) represents the cash generated from a company's core business activities,…

Q: abc general accounting

A: Step 1: Definition of Equivalent Units of ProductionEquivalent units of production (EUP) is a…

Q: Nehra Manufacturing allocates overhead at a fixed rate of $25 per hour based on direct labor hours.…

A: Step 1: Identify the overhead allocation rate.this was already given at $25 per direct labor…

Q: Can you help me with accounting questions

A: Step 1: Definition of Contribution MarginContribution margin is the difference between sales revenue…

Q: Compute total manufacturing costs

A: Explanation of Direct Labor:Direct labor refers to the wages and salaries paid to employees who are…

Q: None

A: Step 1:In the given case, the issue price is greater than the face value; it results in a premium on…

Q: General accounting

A: To determine the increase in earnings per share (EPS) when Dolphin Inc.'s sales increase by 10%, we…

Q: One year ago, you purchased 500 shares of Summit Tech Corp. stock at a price of $10.50 per share.…

A: To calculate the total percentage return on your investment, the formula:Total Return (%)=((Capital…

Q: Please help me with this question general Accounting

A: To calculate the dividend yield, we'll use the following formula:Dividend Yield = (Total Dividend…

Q: I need this question answer general accounting

A: Step 1: DefinitionContribution Margin Percentage (CM%) represents the portion of each sales dollar…

Q: What is the machine's book value at the end of 2024 on this financial accounting question?

A: Step 1: Definition of Straight-Line DepreciationStraight-Line Depreciation is a method of allocating…

Q: correct answer please

A: Step 1: Definition of Accounts Receivable ManagementAccounts receivable management refers to the…

Q: Need help with this general accounting question

A: Step 1: Define Predetermined Overhead Rate (POHR)The Predetermined Overhead Rate (POHR) is a rate…

Q: What is the price per share of Stanton corp. according to the comparable multiples approach for this…

A: Step 1: Definition of Comparable Multiples Approach (Price per Share Calculation)The Comparable…

Q: The divisions margin used to compute ROI is

A: Explanation of Margin:Margin is a profitability ratio that measures how much of the sales revenue…

Q: If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the…

A: Explanation of Target Costing:Target costing is a pricing strategy that determines the maximum…

Q: A manufacturer sells a product for $45 to a wholesaler, and the wholesaler sells it to a retailer.…

A: Concept of Selling PriceSelling price refers to the amount at which a product is sold to the next…

Q: What is the cost of goods manufactured?

A: Detailed explanation:Cost of Goods Manufactured: Work in Process Inventory, beginning balance $…

Q: final answer is

A: Step 1: Definition of Retail PriceRetail price is the price of a product at which it is sold in the…

Q: None

A: The profit margin is 6.9%, which means the firm earns 6.9% of its sales as net income.Net Income =…

Q: What is the couple marriage penalty or benefit?

A: 1. Filing Jointly (combined taxable income of $300,000):Tax on $300,000 (2013 tax brackets for…

Q: March, April, and May sales are $100,000, $120,000, and $125,000, respectively. 20% of sales are…

A: Step 1: Definition of Accounts Receivable and Cash CollectionsAccounts receivable refers to money…

Q: Required information [The following information applies to the questions displayed below] In 2024,…

A: The percentage of completion is calculated by dividing the cost incurred during the year by the…

Q: General Accounting 24

A: Concept of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that measures a…

Q: Calculate each year's profit percentage?

A: To calculate each year's profit percentage, we use the formula: Profit Percentage =(Gross Profit /…

Q: help me to solve this questions

A: Step 1:First, calculate the cash sales of May: Cash sales of may = May sales * 20%…

Q: I Want Answer

A: Coefficient of variation formulaCoefficient of variation = s/x̄wheres = standard deviation x̄ = mean…

Q: Correct Answer

A: Concept of Cash SalesCash Sales refer to revenue generated from sales transactions where payment is…

Q: None

A: Step 1:Definition of Owner's EquityOwner's equity represents the residual interest in the assets of…

Question

ans

A firm has net working capital of $570, net
fixed assets of $2,316, sales of $6,800, and
current liabilities of $880. How many
dollars worth of sales are generated from
every $1 in total assets?
a. $2.94
b. $1.81
c. $2.36
d. $1.54
e. $2.13

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

How many dollars worth of sales are generated?
???
Answer?
A firm has net working capital of $980, net fixed assets of $4,418, sales of $9,250, and current liabilities of $1,340. How many dollars worth of sales are generated from every $1 in total assets? a. $2.92 b. $1.81 c. $2.36 d. $1.50 e. $1.37 please answer this question
Give true answer
Given answer with step by step calculation
do fast answer of this account
Right answer
What is the return on assets ??
Rush Company had net income of $152 million and average total assets of $1,810 million. Its return on assets (ROA) is: Multiple Choice 8.4%. 84.0%. 120.0%. 119.0%. 16.8%.
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
A firm has a ROE of 16.875%, asset turnover of 2.5, and an equity multiplier of 1.5. If the firm has sales revenue of $10,000, what is the net income?