Anna company reported the following data Anna Company reported the following data:20232024Sales$2,000,000 $2,855,000Net IncomeAssets at year end300,000 400,0002,120,000 2,940,000Liabilities at year 1,100,000 1,500,000endWhat is Anna's asset turnover for 2024?

Concept of SalesSales refer to the total revenue a company generates from selling its goods or…

Answered: Anna Company reported 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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Using the following data for Marigold, Inc., compute its asset turnover and the return on assets ratio. Net Income 2026 $165,040 Total Assets 12/31/26 2,243,000 Total Assets 12/31/25 1,883,000 Net Sales 2026 2,166,150 Asset turnover (Round to 2 decimal places, e.g. 15.35.) 1.05 times Return on assets (Round to 1 decimal place, e.g. 15.3%.) 8 %
A6
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What is pinnacle enterprises' 2024 asset turnover ratio on these financial accounting question?
General Accounting Question
The 2025 Annual Report of Marigold International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (b) June 29, 2025 (c) $1.552 1.091 2,733 150 June 27, 2024 $1.376 1.147 2.845 Compute the following ratios for Marigold International for 2025: 136 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)
The 2025 Annual Report of Windsor International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) June 29, 2025 $1,399 1,106 2,961 Compute the following ratios for Windsor International for 2025: (c) 132 June 27, 2024 $1,487 1,108 2,941 140 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.) times % %
The 2025 Annual Report of Indigo International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) (c) June 29, 2025 $1,456 1,130 2,485 Save for Inte 129 June 27, 2024 $1,436 Compute the following ratios for Indigo International for 2025: 1,157 2,663 137 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87 times %
Asset turnover A company reports the following: Sales $858,000Average total assets (excluding long-term investments) 572,000Determine the asset turnover ratio. If required, round your answer to one decimal place.fill in the blank 1
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During 2022, Sunland Company reported net sales of $3,340,500 and net income of $1,410,000. Its balance sheet reported average total assets of $1,310,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover $ times %24
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Anna Company reported the following data: 2023 2024 Sales $2,000,000 $2,855,000 Net Income Assets at year end 300,000 400,000 2,120,000 2,940,000 Liabilities at year 1,100,000 1,500,000 end What is Anna's asset turnover for 2024?