During 2016, Ambiance Company reported net revenue of $6,600,000. The company reported net fixed assets of $790,000 on January 1, 2016 and net fixed assets of $970,000 on December 31, 2016. Required: a. Calculate the fixed asset turnover ratio. (Round your answer to one decimal place.)
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![During 2016, Ambiance Company reported net
revenue of $6,600,000. The company reported net
fixed assets of $790,000 on January 1, 2016 and
net fixed assets of $970,000 on December 31,
2016.
Required:
a. Calculate the fixed asset turnover ratio. (Round
your answer to one decimal place.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ab33c9a-8459-4b38-9d23-e2b14f4874e4%2Fbeae6c67-1d71-42d7-8e1f-6e1c9c35a8dd%2F4x856tr_processed.jpeg&w=3840&q=75)
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- Asset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account balances: Required: 1. Using this information, calculate Rumsfords receivable turnover ratio. (Note: Round to two decimal places.) 2. Using this information, calculate Rumsfords asset turnover ratio and also convert the ratio into days.Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear Refer to the 10-K reports of Under Armour, Inc., and Columbia Sportswear that are available for download from the companion website at CengageBrain.com. Required: Compute the fixed asset turnover and the average age of fixed assets for each company for 2016. What conclusions can you draw from these ratios?The following data were included in a recent Mango, Inc. annual report ($ in millions): In millions 2014 2015 2016 2017 Net sales $ 20,715 $ 25,006 $ 33,379 $ 36,337 Net property, plant, and equipment 1,288 1,833 2,947 2,465 Required: 1. Compute Mango’s fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Can you check why my answer is wrong? 2015 = 11.34 2016 = 13.48 2017 = 8.69
- In its 2017 annual report, Crane Manufacturing Company reports beginning-of-the-year total assets of $ 2,322,000, end-of-the-year total assets of $ 2,803,000, total sales of $ 4,886,000, and net income of $ 805,000. (a) Compute Crane's asset turnover. (Round answer to 3 decimal places, e.g. 4.870.) Asset turnover ratio timesThe 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Compute the following ratios for Tootsie Roll for 2017. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) enter the asset turnover rounded to 4 decimal places times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) enter the return on assets in percentages rounded to 2 decimal places % (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) enter the profit margin on sales in percentages rounded to 3 decimal places %The balance sheet of Huan Corporation reported net fixed assets of $332,000 at the end of 2018. The fixed- asset turnover ratio for 2018 was 4.0, and sales for the year totaled $1,540,000. Net fixed assets at the end of 2017 were: A. $491,000. B. $385,000. C. $438,000 D. $408,000
- The 2025 Annual Report of Marigold International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (b) June 29, 2025 (c) $1.552 1.091 2,733 150 June 27, 2024 $1.376 1.147 2.845 Compute the following ratios for Marigold International for 2025: 136 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent. Net income Gross profit on sales Average total assets Sales Tax rate on operating profit $69,960 $700,400 $360,600 $1,356,504 35% Question 24 options: A) 3.76 B) 5.17 C) 0.27 D) 17.30Nvidia Corporation, a global technology company located in Santa Clara, California, reported the followinginformation in its 2016 financial statements ($ in millions):2016 2015Balance sheetsProperty, plant, and equipment (net) $ 466 $557Income statementNet sales for 2016 $5,010Required:1. Calculate the company’s 2016 fixed-asset turnover ratio.2. How would you interpret this ratio?
- A company reports the following: Sales $8,296,860 Average total assets (excluding long-term investments) 1,063,700 Determine the asset turnover ratio. Round your answer to one decimal place.fill in the blank 1In its 2017 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $7,837 million, end-of-the-year total assets of $7,726 million, total sales of $7,890 million, and net income of $887 million. Compute Campbell’s asset turnover. (Round answer to 4 decimal places, e.g. 4.8726.) Asset turnover enter asset turnover in times rounded to 4 decimal places times LINK TO TEXT Compute Campbell’s profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87%.) Profit margin on sales enter profit margin on sales in percentages rounded to 4 decimal places % LINK TO TEXT Compute Campbell’s return on assets using (1) asset turnover and profit margin and (2) net income. (Round answers to 2 decimal places, e.g. 4.87%.) Return on assets (1) Asset…Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financlal data (in millions) In its annual report: 2018 2019 Net Income $9,050 $7.500 Net Sales 52,350 37,200 Total Assets 58,734 68,128 If the company's total assets are $55,676 in 2017, calculate the company's: (a) return on assets (round answers to one decimal place - ex: 10.79%6) (b) asset turnover for 2018 and 2019 (round answers to two decimal places) 2018 2019 a. Return on Assets Ratio 96 96 b. Asset Turnover Ratio Check O Prevlous Save Answers
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