Ashton Enterprises has net working capital of... Please need answer the general accounting question Ashton Enterprises has net working capital of $1,050, netfixed assets of $3,400, sales of $9,200, and current liabilitiesof $1,500.How many dollars worth of sales are generated from every$1 in total assets?a. $2.15b. $2.70c. $1.55d. $2.40e. $2.05

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Answered: Ashton Enterprises has net working…

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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Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%
How many dollars worth of sales are generated?
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Financial Accounting
Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,058,000 in invested assets, sales of $1,229,000, income from operations amounting to $202,000, and a desired minimum return of 12%. Round the percentage to one decimal place. The profit margin for Mason Corporation is Oa. 19.1% Ob. 16.4% Oc. 86.1% IC. Od. 12.0%
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A firm has net working capital of $980, net fixed assets of $4,418, sales of $9,250, and current liabilities of $1,340. How many dollars worth of sales are generated from every $1 in total assets? a. $2.92 b. $1.81 c. $2.36 d. $1.50 e. $1.37 please answer this question
General Accounting
AMT. Inc.'s net income for this quarter is $500,000. The publicized return on assets (ROA) is 34.5 % . Estimate the firm's total asset to the closet possible. a. $1,500,000 c. $2,450,000 b. $ 1,450,000 d. $2,005,500
Chambliss Corp.'s total assets at the end of last year were $265,000 and its EBIT was 62,500. What was its basic earning power (BEP)? Select the correct answer. a. 22.88% b. 24.28% c. 23.58% d. 24.98% e. 22.18%
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Ashton Enterprises has net working capital of $1,050, net fixed assets of $3,400, sales of $9,200, and current liabilities of $1,500. How many dollars worth of sales are generated from every $1 in total assets? a. $2.15 b. $2.70 c. $1.55 d. $2.40 e. $2.05