ABC started the year with 3,208,000 of net fixed assets and ended the year with 2,836,000 of net fixed assets. Depreciation expenses during the year were 445,000. How much gross fixed assets did ABC buy or sell during the year?
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- Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its assets are P14 million at the beginning of the year and P18 million at the end of the year. What are Constantine’s asset turnover and profit margin? * ChooseConstantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its assets are P14 million at the beginning of the year and P18 million at the end of the year. What are Constantine’s asset turnover and profit margin?Baldwin, Inc. had net sales of $52,200,000 for the year ended May 31, 2024. Its beginning and ending total assets were $55,200,000 and $88,800,000, respectively. Determine Baldwin's asset turnover ratio for year ended May 31, 2024. (Round the asset turnover ratio to two decimal places, X.XX.) Asset turnover ratio C
- During the current year, Sokowski Manufacturing earned income of $459,332 from total sales of $6,906,995 and average capital assets of $11,489,420. What is the asset turnover? Round to the nearest to the hundredth, two decimal places and submit the answer in a percentage.In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total assets of $44.5 billion, and net sales of $63.4 billion. Compute Target's asset turnover ratio. (Round answer to 2 decimal places, e.g. 5.60.) Target's asset turnover ratio timesLast year's asset turnover of All is Well Company was 3.0. This year, the company's sales increased by 20% and average total asset decreased by 10%. What is this year's asset turnover? (Express in decimal)
- Clark Corporation reported beginning net fixed assets of $94,150, ending net fixed assets of $103,626, accumulated depreciation of $49,133, net sales of $212,722, and depreciation expense of $12,315. Required: Compute Clark Corporation's fixed asset turnover ratio and the average age of its fixed assets.In its 2014 annual report, Campbell Soup Company reports beginning- of-the-year total assets of $8,113 million, end-of-the-year total assets of $8,323 million, total sales of $8,268 million, and net income of $807 million. a. Compute Campbell ?s asset turnover. b. Compute Campbell ?s profit margin on the sale. c. Compute Campbell?s return on an asset using (1) asset turnover and profit margin and (2) net income. (1) Assets turnover and profit margin (2) Net income Return on assets % %Account MNO Corporation had the following information regarding its fixed assets: Beginning of the year: $500,000Additions during the year: $100,000Disposals during the year: $50,000Accumulated depreciation at the beginning of the year: $200,000Depreciation expense for the year: $50,000Calculate the net book value of fixed assets at the end of the year.
- Company A has sales of $830, costs of $290 (not including depreciation), depreciation expense of $40, interest expense of $40, and a tax rate of 21 percent, current assets of $260, net fixed assets of $1850, current liabilities of $240, and long-term debt of $700. What is the total asset turnover? (keep two decimal places) Your Answer: 0.39Peyton's Palace has net income of $13.4 million on sales revenue of $114 million. Total assets were $80 million at the beginning of the year and $88 million at the end of the year. Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5).) Return on Assets Numerator/Denominator Amounts Peyton's Palace % Profit Margin Numerator/Denominator Amounts Peyton's Palace % Asset Turnover Numerator/Denominator Amounts Peyton's Palace timesIf the total asset turnover of ABC company is 1.2 times and the sales of the same company is 600 million, how much is the total assets at the beginning of the year?
