Calculate the total asset turnover (sales / total assets) for the firm below. Do not convert to 2 decimal places keep as whole number Sales 4000 COGS $1,200 Depreciation $800 Interest $500 Net Income $200 Total Assets 1500
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
Calculate the total asset turnover (sales / total assets) for the firm below. Do not convert to 2 decimal places keep as whole number
Sales 4000
COGS $1,200
Interest $500
Net Income $200
Total Assets 1500
Step by step
Solved in 3 steps with 1 images
