During 2008, Colin Company reported net revenue of $6,600,000. The company reported net fixed assets of $790,000 on January 1, 2008 and net fixed assets of $970,000 on December 31, 2008. Required: Calculate the fixed asset turnover ratio to this financial Accounting Problem. (Round your answer to one decimal place.)
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- A company repots the following accounting questionsSunland Company reports the following information (in millions) during a recent year: net sales, $11.257.9; net earnings, $327.9. total assets. ending. $5,560.0; and total assets, beginning, $5,370.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.) 2 3. Return on assets Asset turnover Profit margin timesSheridan Company reports the following information (in millions) during a recent year: net sales, $10,705.0; net earnings, $340.0; total assets, ending, $5,150.0; and total assets, beginning, $5,120.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.) 1. Return on assets %2. Asset turnover times3. Profit margin %
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