The ratio equationUse the result in a sentence; i.e. For every dollar invested in assets the company is earning 22.4 cents or 22.4% in net income. Then explain whether this is a good result or a result that needs improving.The original post should include at least three (3) sentences but no more than seven (7) sentences. QS 10-15 Computing total asset turnover e A10Aneko Company reports the following: net sales of $14,800 for Year 2 and $13,990 for Year 1; end-of-yeartotal assets of $19,100 for Year 2 and $17,900 for Year 1. (1) Compute total asset turnover for Year 2. (2)Aneko's competitor has a turnover of 2.0. Is Aneko performing better or worse than its competitor based ontotal asset turnover?

The ratio refers to the relationship that exists between two variables. In accounting, the ratio is…

Answered: Aneko Company reports the following:…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The ratio equation
Use the result in a sentence; i.e. For every dollar invested in assets the company is earning 22.4 cents or 22.4% in net income.
Then explain whether this is a good result or a result that needs improving.
The original post should include at least three (3) sentences but no more than seven (7) sentences.

QS 10-15 Computing total asset turnover e A10
Aneko Company reports the following: net sales of $14,800 for Year 2 and $13,990 for Year 1; end-of-year
total assets of $19,100 for Year 2 and $17,900 for Year 1. (1) Compute total asset turnover for Year 2. (2)
Aneko's competitor has a turnover of 2.0. Is Aneko performing better or worse than its competitor based on
total asset turnover?

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