During 2022, Rousseau Industries reported net sales of $4,200,000, net income of $950,000, and depreciation expense of $150,000. Rousseau also beginning total reported assets of $1,600,000 and ending total assets of $2,000,000. What is Rousseau's asset turnover?
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- Suppose during 2023, BlueStar Shipping reported the following financial information (in millions): Net Sales: $40,000 Net Income: $150 Total Assets at Beginning of Year: $26,000 • Total Assets at End of Year: $24,800 Calculate the following: (a) Asset Turnover (b) Return on Assets (ROA) as a percentageCompute the company's assets turnover for 2022.What is Burger Haven's return on assets ans asset turnover??
- During 2022, Concord Corporation reported net sales of $4,674,600 and net income of $1,400,000. Its balance sheet reported average total assets of $1,260,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnoverDuring 2022, Sunland Company reported net sales of $3,340,500 and net income of $1,410,000. Its balance sheet reported average total assets of $1,310,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover $ times %24In its 2022 annual report, Bargersville Inc. Please answer the general accounting question
- Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $20 billion, ending total assets of $20 billion, net sales of $21 billion, and net income of $5 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover timesSuppose in its 2027 annual report that McDonald's Corporation reports beginning total assets of $20.80 billion, ending total assets of $19.20 billion, net sales of $21.80 billion, and net income of $4.10 billion. (a) Compute McDonald's return on assets. (Round return on assets to one decimal place, e.g. 5.1%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover timesPlease provide correct answer the general accounting question
- Using the following data for Marigold, Inc., compute its asset turnover and the return on assets ratio. Net Income 2026 $165,040 Total Assets 12/31/26 2,243,000 Total Assets 12/31/25 1,883,000 Net Sales 2026 2,166,150 Asset turnover (Round to 2 decimal places, e.g. 15.35.) 1.05 times Return on assets (Round to 1 decimal place, e.g. 15.3%.) 8 %What is pinnacle enterprises' 2024 asset turnover ratio on these financial accounting question?During 2020, Riverbed Corporation reported net sales of $5,542,800 and net income of $1,560,000. Its balance sheet reported average total assets of $1,490,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover times