Bounty Brands has hired your firm to evaluate its ratios relating to productivity. The CFO, Tyrion Lannister has provided you with following infromation about Bounty Brands. $52,474,000 50,567,000 29,265,000 6,183,000 26,195,000 14,198,000 6,894;000 4,637,000 Gross income Total sales Total credit sales Net income Cost of goods sold Total assets Average inventory Average receivables
Bounty Brands has hired your firm to evaluate its ratios relating to productivity. The CFO, Tyrion Lannister has provided you with following infromation about Bounty Brands. $52,474,000 50,567,000 29,265,000 6,183,000 26,195,000 14,198,000 6,894;000 4,637,000 Gross income Total sales Total credit sales Net income Cost of goods sold Total assets Average inventory Average receivables
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 5PA: Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an...
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Question
Please compute the asset turnover ratio rounded to 3 decimal places
![Bounty Brands has hired your firm to evaluate its ratios relating to productivity. The CFO, Tyrion Lannister has provided you with the
following infromation about Bounty Brands.
$52,474,000
50,567,000
29,265,000
6,183,000
26,195,000
14,198,000
6,894,000
Gross income
Total sales
Total credit sales
Net income
Cost of goods sold
Total assets
Average inventory
Average receivables
4,637,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F89c32b80-ffc4-4f6b-ac6e-43ff3ad5ad63%2F2166d36e-594f-426c-b54d-ef8311577043%2Fjtkz0hs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bounty Brands has hired your firm to evaluate its ratios relating to productivity. The CFO, Tyrion Lannister has provided you with the
following infromation about Bounty Brands.
$52,474,000
50,567,000
29,265,000
6,183,000
26,195,000
14,198,000
6,894,000
Gross income
Total sales
Total credit sales
Net income
Cost of goods sold
Total assets
Average inventory
Average receivables
4,637,000
![c. Compute the asset turnover ratio. (Round your answer to 3 decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F89c32b80-ffc4-4f6b-ac6e-43ff3ad5ad63%2F2166d36e-594f-426c-b54d-ef8311577043%2Fr4gh52s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:c. Compute the asset turnover ratio. (Round your answer to 3 decimal places.)
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Asset turnover ratio measures the efficiency of assets in generating revenue of the company.
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