Computing Asset Ratios The following information from Ike Inc. is from a recent Form 10-K, listed in chronological order. Total Net $ millions Fixed Assets Assets Revenue Income Fiscal Year 1 $8,502 $55,782 Fiscal Year 2 9,033 64,791 $91,803 $9,819 Fiscal Year 3 10,560 64,188 97,128 11,280 Ratio a. Asset turnover Total Required a. Compute the asset turnover ratio for fiscal years 2 and 3. b. Compute the return on assets ratio for fiscal years 2 and 3. c. Compute the fixed asset turnover ratio for fiscal years 2 and 3. $ b. Return on assets. S c. Fixed asset turnover $ Year 2 Numerator Denominator 1$ /$ 1$ ** Numerator $ $ $ Year 3 Denominator $ 1$ /$
Computing Asset Ratios The following information from Ike Inc. is from a recent Form 10-K, listed in chronological order. Total Net $ millions Fixed Assets Assets Revenue Income Fiscal Year 1 $8,502 $55,782 Fiscal Year 2 9,033 64,791 $91,803 $9,819 Fiscal Year 3 10,560 64,188 97,128 11,280 Ratio a. Asset turnover Total Required a. Compute the asset turnover ratio for fiscal years 2 and 3. b. Compute the return on assets ratio for fiscal years 2 and 3. c. Compute the fixed asset turnover ratio for fiscal years 2 and 3. $ b. Return on assets. S c. Fixed asset turnover $ Year 2 Numerator Denominator 1$ /$ 1$ ** Numerator $ $ $ Year 3 Denominator $ 1$ /$
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 81.3C: Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear Refer to the 10-K reports of...
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