A sales company has sales of $828,900, total equity of $539,200 a profit margin of 4.6% and a debt-equity ratio of 0.55%. What is the return on assets?
Q: Get correct answer general accounting
A: Step 1: Define Sales RevenueSales Revenue is the amount received by selling the goods or providing…
Q: Need help with this general accounting question
A: To calculate the Return on Assets (ROA) for Nordstrom, we follow a step-by-step process based on the…
Q: Please provide correct answer general accounting
A: Explanation: In the given case, it is provided that the discount of 12.5% on a pair of washer and…
Q: Rushing had income solve this accounting question
A: The return on assets (ROA) measures how efficiently a company uses its invested assets to generate…
Q: Need help with this question solution general accounting
A: Step 1: Define Income StatementThe income statement is prepared in order to determine the net income…
Q: subject = general account
A: Detailed explanation:The concept of lower of cost or market (LCM) is a principle in inventory…
Q: Step by step answer
A: Explanation of Standard Allowance:The standard allowance refers to the acceptable percentage of…
Q: Hochberg corporation uses an activity based costing system solve this question accounting
A: Step 1:Under activity based costing each cost allocated to jobs based on respective activity rates.…
Q: Need help with this accounting question please solve this one
A: To calculate the profit, we will break it down into several parts:Revenue from Sales: The company…
Q: GENERAL ACCOUNT - 65 WHEN THE MARKET VALUE OF INVENTORY ITEMS HAS DECLINED BELOW ITS COST, WHICH…
A: Correct Answer: c. Lower of Cost or Market Explanation:Under Generally Accepted Accounting…
Q: ? answer?
A: Explanation of Finished Goods Inventory: Finished goods inventory represents the total value of…
Q: Piechocki Corporation manufactures and sells a single product. The company uses units as the measure…
A: Step 1:Revenue Variance is the difference between the Actual Sales revenue and the Flexible Budget…
Q: Provide correct answer financial accounting
A: Step 1: Define Receivables TurnoverReceivables turnover is the number of times a company converts…
Q: Hii expert please given answer general accounting question
A: Step 1: Define Disposal Of An AssetDisposal of an asset means removing the asset from the business…
Q: Please provide correct answer general accounting
A: Step 1: Define Note PayableNote payable is a liability. It is a written agreement in which one party…
Q: posting in general account
A: To compute the valuation of the ending inventory using the lower of cost or net realizable value…
Q: Lasse inc.manufactur 2 product solve the question general accounting questions
A: Explanation: In the given case, it is provided that the company manufactures two products - hammers…
Q: Amanda would like to organize BAL as either an LLC (taxed as a sole proprietorship) or a C…
A: Step 1. Scenario 1: BAL Organized as an LLC (taxed as a sole proprietorship)1. Income…
Q: I need provide correct answer general accounting
A: Step 1: Define Adjusting Entry On Note ReceivableNotes receivable are asset which generally earn…
Q: Solve this question given option explanation
A: Step 1: Define Average Collection PeriodIn the domain of statistics, the accounts receivables…
Q: What is the firm's cash conversion cycle on this accounting question?
A: Step 1: Define Cash Conversion CycleThe cash conversion cycle refers to the total time required by a…
Q: a PDF PDF PDF PDF PDF PDF D2L D2L D2L GI D2L D2L D2L…
A: Detailed explanation:When the maturity is expressed in days, the exact number of days must be…
Q: Wims, inc. has current assets of $4900 solve this accounting questions
A: Step 1: Define Use of Net Working Capital The net working capital of a company aids in determining…
Q: Given answer accounting questions
A: We knowOperating cash flow = Cash flow from assets + Change in net fixed assets + Net change in…
Q: Provide correct answer Accounting question
A: Key TermsSelling Price: This is how much Lansbury charges for each hairbrush ($20).Variable Costs:…
Q: Please provide this question solution general accounting
A:
Q: solve this account query
A: Step 1: Understand the Components of Absorption CostingThe company already provided an absorption…
Q: I won't correct answer general accounting
A: Step 1: Define Cash Conversion CycleThe cash conversion cycle for a firm represents the time in…
Q: None
A: Detailed explanation:Revenues 11600 Less Expenses 7800 Net Income 3800…
Q: Gerry company has a gross profit solve this question general accounting not use ai
A: Step 1: Define Cash FlowThe cash flow related to the business includes inflows through cash sales…
Q: Give me four paragraphs on why time and budget constraints can affect the quality of audits
A: Time and budget are two critical factors that can significantly impact the quality of an audit.…
Q: What is the present value of a $1,000 bond provide answer accounting questions
A: Step 1: Calculate the present value of the coupon payments.The bond pays $90 in annual coupon…
Q: Given answer accounting questions
A: Step 1: Define Days' Sales OutstandingThe number of days for which the accounts receivable remain…
Q: Please provide answer the financial accounting question not use ai and chatgpt
A: Step 1: Define Market-To-Book RatioThe market-to-book ratio is used to ascertain the market value of…
Q: Problem is below
A: Explanation of Dynamic Pricing: Dynamic pricing is a strategy where prices are adjusted based on…
Q: solve this account problem. in short details
A: Step-by-Step Process:Compare the cost and market value for each type of stove.Select the lower value…
Q: Hello teacher please help me with this question accounting
A: Step 1: Define Activity-Based Costing (ABC) MethodThe ABC method is used to allocate indirect…
Q: please help solving this problem, thank you
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: I need correct answer this question solve general account
A: Step 1: Define Capital SpendingCapital expenditure on a fixed asset should include all the costs…
Q: Give true answer the general accounting question
A: Step 1: Define Efficiency RatiosAside from the fixed asset turnover ratio, other efficiency ratios…
Q: What is the division's margin on these general accounting question?
A: Step 1: Define Profit MarginProfit margin is a financial ratio that can be calculated for gross…
Q: Gagner clinic purchases land solve this question accounting
A: Purchase price of the land: $130,000Property taxes assumed: $1,500Title and attorney fees:…
Q: Prblm 6-17
A: Step 1: Step 2: Step 3: Step 4:
Q: QUE. ACCOUNT-8 Americus Camera Shop uses the lower-of-cost-or- market basis for its inventory. The…
A: To determine the ending inventory using the lower-of-cost-or-market (LCM) basis, we compare the cost…
Q: The Lansing Corporation provides you with the following information for the year ended 12/31/24:…
A: Statement of Cash Flows (Indirect Method) for Lansing Corporation Step-by-Step Calculations1.…
Q: Tutor I want answer help me
A: Option a: This option is correct Situation measurement systems complement the existing and…
Q: Given answer accounting questions solution
A: Step 1: Define Accumulated Other Comprehensive IncomeAccumulated other comprehensive income is a…
Q: Given below are account balances for Charlie Company: Provide correct answer the accounting question
A: Step 1:First calculate the net sales: Net sales = Gross sales - Sales return and allowances…
Q: Need help with this question solution general accounting
A: Step 1: Define Convertible BondA convertible bond allows bondholders to exchange a bond for a number…
Q: The xyz company has offered to supply 10000 solve financial accounting question
A: Given Information:XYZ Company offer: 10,000 units at $18 per unit.Fixed overhead savings: $4 per…
A sales company has sales of $ 828,900 solution this accounting questions
Step by step
Solved in 2 steps
- Please given answer financial accountingAssume you are given the following relationships for the Haslam Corporation:Sales/total assets 1.2Return on assets (ROA) 4%Return on equity (ROE) 7%Calculate Haslam’s profit margin and liabilities-to-assets ratio. Suppose half its liabilities are in the form of debt. Calculate the debt-to-assets ratio.What is the profit margin and the debit ratio ?
- What are the annual sales for a firm with $116,044 in total liabilities, a total debt ratio of 0.48, and an asset turnover of 4.75?What is the return of assetsWhat are the annual sales for a firm with $805,853 in total liabilities, a total debt ratio of 0.84, and an asset turnover of 1.5? Numeric Response
- Waldale Pools has total equity of $289,100 and net income of $64,500. The debt-equity ratio is 0.4 and the total asset turnover is 1.6. What is the profit margin ?Answer this Financial AccountingAssume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.7 Return on assets (ROA) 4% Return on equity (ROE) 6% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: % Liabilities-to-assets ratio: % Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. %
- A firm with current assets of $85,750 and current liabilities of $62,958 would have: A. A current ratio of 1.37 B. $1.37 of current assets for every $1 of current liabilities C. A positive current ratio, dependant on the pace of inventory sales and lean repayments D. All of the aboveWhat is the return on assets? General accountingThe lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a current ratio of 1.5. current liabilities are 900, sales are 6230 , profit margin is 8.1 percent what is the amount of the firms net fixt assets ?
