A manufacturing company has an operating profit margin of 5.5% and a total asset turnover ratio of 2.0 times. Calculate the company's operating return on assets.
Q: Provide correct answer the financial accounting question
A: Step 1: Accounting EquationThe Accounting Equation is the fundamental principle of double-entry…
Q: What is the firm's debt equity ratio of this financial accounting question?
A: Step 1: Definition of Debt-to-Equity RatioThe Debt-to-Equity Ratio (D/E ratio) measures the…
Q: On May 1, Year 1, Bolt Corp. issued 11% bonds in the face amount of $1,000,000 that mature on May 1,…
A: First, we need to understand the problem. Bolt Corp. issued bonds with a face value of $1,000,000 at…
Q: Provide answer general Accounting question
A: Step 1:The accounts receivable turnover ratio is calculated as follows: Accounts receivable turnover…
Q: Determine the variable cost per unit
A: Explanation of High-Low Method: The high-low method is a cost estimation technique that uses the…
Q: ?!
A: Calculating Return on Assets (ROA) for Beckinsale, Inc.The Return on Assets (ROA) measures how…
Q: general account
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: What is the total equity for office mart at year-end? Need help this question solution
A: Step 1: Define Total EquityAs per the balance sheet equation, the excess of total assets over the…
Q: What is the firm's ROA
A: 1. Find the Net Income:Profit Margin: 5.2% (or 0.052)Sales: $21,500,000Net Income = Sales x Profit…
Q: Do fast answer of this accounting questions
A: Step 1: Calculation of current assetsNet working capital = Current assets - Current…
Q: Summit Mechanical Co. has a normal capacity of 25,000 direct labor hours. The company's variable…
A: Concept of Manufacturing OverheadManufacturing overhead consists of all indirect costs incurred in…
Q: Need help this question
A: Formula The total asset turnover ratio is calculated as: Total Asset Turnover = Net Sales / Average…
Q: Please give me answer accounting
A: Calculate the Earnings Per Share (EPS)EPS = Net Income / Number of Outstanding SharesEPS =…
Q: Jason Corp. bought equipment for $150,000 on January 1, 2018. Jason estimated the useful life to be…
A: Explanation of Revised Depreciation Expense:Revised Depreciation Expense occurs when a company…
Q: None
A: Here's how to calculate the P/E ratio and dividend yield:(a) Price-to-Earnings (P/E) Ratio:P/E Ratio…
Q: Oriole Company sells product 2005WSC for $55 per unit and uses the LIFO method. The cost of one unit…
A: The Net Realizable Value (NRV) is the estimated selling price in the ordinary course of business,…
Q: hi expert please help me
A: Step 1: Definition of Gross MarginGross margin represents the profit earned after deducting the cost…
Q: Granville Corporation has two divisions: The Beta Division and the Delta Division. The Beta Division…
A: Explanation of Net Operating Income (NOI):Net Operating Income (NOI) is the company's total profit…
Q: What is its average inventory?
A: Step 1: Define Inventory Turnover ratioThe inventory turnover ratio measures a firm's competency to…
Q: Tutor please provide answer
A: Explanation of Operating Leverage: Operating leverage is a financial metric that measures how…
Q: Need Step by step answer
A: Explanation of Gross Profit:Gross Profit is the amount a company earns from sales after deducting…
Q: hi expert please help me
A: To determine the minimum sales amount a salesperson needs to generate to justify $16,000 in earnings…
Q: choose best answer general accounting
A: Step 1: Definition of EPS and P/E RatioEarnings per Share (EPS) is calculated as Net Income ÷ Total…
Q: Accurate Answer
A: Concept of Direct MaterialsDirect materials are the raw materials that are specifically and…
Q: The manufacturing overhead cost for the current year will be?
A: Explanation of Predetermined Overhead Rate: The predetermined overhead rate is a calculated rate…
Q: What is the volume of sales in units required to achieve the target profit? Accounting
A: Step 1: Definition of Target Profit Sales VolumeThe target profit sales volume is the number of…
Q: An issuer of bonds uses a sinking fund for the retirement of the bonds. Cash is transferred to the…
A: A sinking fund is a means by which an organization sets aside money over time to retire its…
Q: What is riverside manufacturings gross profit? ? General Accounting
A: Step 1: Recall the gross profit formula.= net sales - cost of goods sold Step 2: Calculate the gross…
Q: Increase it's fixed assets? Find correct option
A: Given data:Current sales = $350 millionFixed assets = $270 millionFixed asset capacity utilization =…
Q: The following data were selected from the records of Fluwars Company for the year ended December 31,…
A: To determine the balances for sales revenue, accounts receivable, and allowance for doubtful…
Q: I want the correct answer with accounting question
A: Step 1: Define Accounting EquationAccording to the accounting equation, the value of assets must be…
Q: I want to correct answer general accounting question
A: Formula: Days Sales Outstanding (DSO) = (Average Accounts Receivable / Annual Sales) x 365 days…
Q: correct answer please
A: Step 1: Identify the relevant information Revenues : $80,000This is the total income earned by…
Q: Provide correct option with calculation
A: Step 1: Define Owners EquityOwners equity is one of the main sections on the balance sheet. Owner's…
Q: Quick answer of this accounting questions
A: Step 1: Analysis of information givenAsset turnover = 4Profit margin on sale (decimal form) =…
Q: Solve this problem general Accounting
A: Step 1: Define Investment TurnoverInvestment Turnover measures how efficiently a company utilizes…
Q: Hi expert give me answer
A: Step 1: Define Direct labor varianceDirect labor variance is computed to determine the difference…
Q: Compute net sales
A: Explanation of Net Sales:Net Sales refers to the total revenue a company earns from selling goods or…
Q: abc general accounting
A: Step 1: Definition of Applied OverheadApplied overhead refers to the estimated manufacturing…
Q: Need correct answer general accounting
A: Step 1: Define Expected Annual ProfitExpected Annual Profit is the total revenue minus total…
Q: What is starbright's predetermined standard variable manufacturing overhead rate?
A: Calculation of Predetermined Standard Variable Manufacturing Overhead RatePredetermined Standard…
Q: Please help me of this question solution general Accounting
A: Step 1: Define Net Accounts ReceivableNet Accounts Receivable is the amount expected to be collected…
Q: The Falcon Company has reported the following data: Item Amount Operating expenses $ 1,80,00 Cost of…
A: Step 1: Formula Gross profit = Net sales - Cost of goods sold Step 2: Substitution Gross profit =…
Q: Given the solution and accounting question
A: AAmount of the sale Gross - sale$56,500 Less: Sales discount ($56,500 * 2%)$1,130 Amount of the…
Q: 4 POINTS
A: Explanation of Quick Ratio: Quick ratio, also known as the acid-test ratio, is a liquidity measure…
Q: Please give me answer general accounting question
A: Step 1: Definition of Variable Overhead VariancesVariable overhead variances measure the difference…
Q: general account
A: The price-to-earnings ratio (P/E ratio) is calculated by dividing the stock price by the earnings…
Q: The stock P/E ratio general accounting
A: Step 1: Definition of Price-Earnings RatioThe price-earnings (P/E) ratio is a financial metric used…
Q: Compute the company's degree of opereting leverage
A: Step 1: Definition of Degree of Operating LeverageDegree of Operating Leverage (DOL) measures how a…
Q: Not need ai solution financial accounting question
A: Step 1: Define Gross Profit Margin RatioThe Gross Profit Margin Ratio measures the percentage of…
What is the correct answer?
Step by step
Solved in 2 steps
- Briggs Company has operating income of $45,760, invested assets of $143,000, and sales of $457,600. 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 %Please give me answer accountingA company has a gross profit margin of 45 %, cost of goods sold of $5 million, total debt of $5 million, and total equity of $5 million. What is its total asset turnover ratio?
- Need helpBottlebrush Company has operating income of $49,749, invested assets of $309,000, and sales of $710,700. Use the DuPont formula to compute the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. Round answers to one decimal place. a. Profit margin % b. Investment turnover c. Return on investment %Please need answer the accounting question
- Bustamante Company has income from operations of $24,480, invested assets of $85,000, and sales of $204,000. Use the DuPont formula to compute the return on investment and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. If required, round your answers to two decimal places. a. Profit margin fill in the blank 1% b. Investment turnover fill in the blank 2 c. Return on investment fill in the blank 3%Profit Margin, Investment Turnover, and ROI Cash Company has income from operations of $55,704, invested assets of $211,000, and sales of $506,400. 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 investmentProfit Margin, Investment Turnover, and ROI Briggs Company has operating income of $108,955, invested assets of $283,000, and sales of $990,500. 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 %