Don't give me incorrect solution Anna Company reported the following data:SalesNet Income20232024$2,000,000 $2,855,000300,000 400,000Assets at year end 2,120,000 2,940,000Liabilities at year end 1,100,000 1,500,000What is Anna's asset turnover for 2024?

Explanation of Asset Turnover:Asset turnover measures how efficiently a company uses its assets to…

Answered: Anna Company reported the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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What is Anna's asset turnover for
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Calculate Asset Turnover for 2021 using the following information: Net Income Net Sales Total Assets 20% 73% 64% 53% 2020 $2,500,000 $5,000,000 $10,000,000 2021 $3,000,000 $8,000,000 $15,000,000 Listen
What is the asset turnover for 2025 on these financial accounting question?
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Return on assets in 2023 ? General accounting
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.)
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 %
Suppose during 2023, BlueStar Shipping reported the following financial information (in millions): Net Sales: $40,000 Net Income: $150 Total Assets at Beginning of Year: $26,000 • Total Assets at End of Year: $24,800 Calculate the following: (a) Asset Turnover (b) Return on Assets (ROA) as a percentage
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Anna Company reported the following data: Sales Net Income 2023 2024 $2,000,000 $2,855,000 300,000 400,000 Assets at year end 2,120,000 2,940,000 Liabilities at year end 1,100,000 1,500,000 What is Anna's asset turnover for 2024?