Homework Help is Here – Start Your Trial Now!
Business
Finance
Based on the information above, what is Total Asset Turnover Ratio of ratio of the firm? Group of answer choices   1.40 1.68 1.12 1.19

Based on the information above, what is Total Asset Turnover Ratio of ratio of the firm? Group of answer choices   1.40 1.68 1.12 1.19

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
See similar textbooks
icon
Related questions
Question

Based on the information above, what is Total Asset Turnover Ratio of ratio of the firm?

Group of answer choices
 
1.40
1.68
1.12
1.19
**Great Inc. Financial Statements (2016)** The following is a detailed breakdown of the balance sheet and income statement for Great Inc. as of 2016. The firm does not incur amortization charges, lease assets, or have any debt that must be retired in the next five years. Additionally, notes payable will be rolled over. **Balance Sheet (Millions of $)** **Assets:** - Cash and securities: $1,554.0 - Accounts receivable: $9,660.0 - Inventories: $13,440.0 - **Total current assets:** $24,654.0 - Net plant and equipment: $17,346.0 - **Total assets:** $42,000.0 **Liabilities and Equity:** - Accounts payable: $7,980.0 - Notes payable: $5,880.0 - Accruals: $4,620.0 - **Total current liabilities:** $18,480.0 - Long-term bonds: $10,920.0 - **Total liabilities:** $29,400.0 - Common stock: $3,360.0 - Retained earnings: $9,240.0 - **Total common equity:** $12,600.0 - **Total liabilities and equity:** $42,000.0 **Income Statement (Millions of $)** - Net sales: $58,800.0 - Operating costs (excluding depreciation): $54,978.0 - Depreciation: $1,029.0 - **Earnings before interest and taxes (EBIT):** $2,793.0 - Less interest: $1,050.0 - **Earnings before taxes (EBT):** $1,743.0 - Taxes: $610.1 - **Net income:** $1,133.0 **Other Data:** - Shares outstanding (millions): 150.0 - Common dividends: $509.83 - Interest rate on notes payable & long-term bonds: 6.25% - Federal plus state income tax rate: 35% - Year-end stock price: $105.75 This information provides insight into the financial health and operations of Great Inc., highlighting its assets, liabilities, and profitability during the year 2016.
Transcribed Image Text:**Great Inc. Financial Statements (2016)** The following is a detailed breakdown of the balance sheet and income statement for Great Inc. as of 2016. The firm does not incur amortization charges, lease assets, or have any debt that must be retired in the next five years. Additionally, notes payable will be rolled over. **Balance Sheet (Millions of $)** **Assets:** - Cash and securities: $1,554.0 - Accounts receivable: $9,660.0 - Inventories: $13,440.0 - **Total current assets:** $24,654.0 - Net plant and equipment: $17,346.0 - **Total assets:** $42,000.0 **Liabilities and Equity:** - Accounts payable: $7,980.0 - Notes payable: $5,880.0 - Accruals: $4,620.0 - **Total current liabilities:** $18,480.0 - Long-term bonds: $10,920.0 - **Total liabilities:** $29,400.0 - Common stock: $3,360.0 - Retained earnings: $9,240.0 - **Total common equity:** $12,600.0 - **Total liabilities and equity:** $42,000.0 **Income Statement (Millions of $)** - Net sales: $58,800.0 - Operating costs (excluding depreciation): $54,978.0 - Depreciation: $1,029.0 - **Earnings before interest and taxes (EBIT):** $2,793.0 - Less interest: $1,050.0 - **Earnings before taxes (EBT):** $1,743.0 - Taxes: $610.1 - **Net income:** $1,133.0 **Other Data:** - Shares outstanding (millions): 150.0 - Common dividends: $509.83 - Interest rate on notes payable & long-term bonds: 6.25% - Federal plus state income tax rate: 35% - Year-end stock price: $105.75 This information provides insight into the financial health and operations of Great Inc., highlighting its assets, liabilities, and profitability during the year 2016.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS