Efficiency Revenue/Employee Income Per Employee 258,824 9,971 Receivables Turnover 69.32 Total Asset Turnover 1.98 Liquidity Current Ratio 0.91 Quick Ratio 0.29 Cash Ratio 0.20 Profitability Gross Margin +25.38 Operating Margin +5.41 Pretax Margin +4.93 Net Margin +3.85 Return on Assets 7.61 Return on Equity 33.55 Return on Total Capital 17.45 Return on Invested Capital 13.45

Efficiency Revenue/Employee Income Per Employee 258,824 9,971 Receivables Turnover 69.32 Total Asset Turnover 1.98 Liquidity Current Ratio 0.91 Quick Ratio 0.29 Cash Ratio 0.20 Profitability Gross Margin +25.38 Operating Margin +5.41 Pretax Margin +4.93 Net Margin +3.85 Return on Assets 7.61 Return on Equity 33.55 Return on Total Capital 17.45 Return on Invested Capital 13.45

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools

Section: Chapter Questions

Problem 39CYBK

See similar textbooks

Similar questions

How do you find the maximum profit and loss percentage using these graphs? Long put Payoff Profe Kluss X short put Past/101/ pay off X
Which two types of investment criteria are most frequently used by managers today? Multiple Choice O O O O Internal rate of return and net present value Net present value and profitability index Net present value and payback Internal rate of return and payback Average accounting return and internal rate of return D
What does ROE depend on according to the DuPont raito? Profit Margin Asset Turnover Equity Multiplier All of the above
Pro Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 142,000 square feet of extruded vinyl purchased at $1.35 per square foot. Production required 410 direct labor hours that cost $15.50 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.40 per square foot. The labor standard was 0.023 direct labor hour per fender, at a standard cost of $14.50 per hour. Read the requirement. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance Direct materials cost variance %3D Direct labor cost variance Select the required formulas, compute the efficiency variances for direct materials and direct labor, and…
______ is a measure of how much value is created or added today by undertaking an investment. Multiple choice question. The internal rate of return The profitability index Net present value Average accounting return
When should a company recognize revenue under GAAP? Multiple Choice When the promised performance has been satisfied. k ces All of the choices are necessary to recognize revenue. When delivery has occurred or services have been provided (rendered). When the price is measurable.
REWARD-TO-RISK RATIO:DEFINITION AND EXAMPLE• The reward-to-risk ratio is the slope of theline illustrated in the previous example▪ Slope = (E(RA) – Rf) / (A – 0)▪ Reward-to-risk ratio for the previous example = (20 – 8) / (1.6 – 0) = 7.5 • What if an asset has a reward-to-risk ratioof 8 (implying that the asset plots abovethe line)? • What if an asset has a reward-to-risk ratioof 7 (implying that the asset plots belowthe line)?
____ 1.Which of the following is a responsibility center that incurs expenses, generates revenues, and is responsible for generating a return on assets? a. Cost center b. Revenue center c. Profit center d. Investment center ____ 2.Which one of the following is the most useful measure for evaluating a manager's performance in controlling revenues and costs in a profit center? a. Contribution margin b. Contribution net income c. Contribution gross profit d. Controllable margin ____ 3.Hanover Corporation desires to earn target net income of $42,000. The selling price per unit is $18, unit variable cost is $5.60, and total fixed costs are $123,912. How many units must the company sell to earn its target net income? a. 13,380 b. 9,993 c. 3,387 d. 9,217 ____ 4.Remark…
A responsibility center structure that considers investments made by the operating segments by using a common cost of capital percentage is called ________. A) residual income B) a profit center C) a discretionary cost center D) return on investment
A responsibility center structure that considers investments made by the operating segments by using a common cost of capital percentage is called_______. A. return on investment B. residual income C. a profit center D. a discretionary cost center
Which one of these ratios measures the efficiency at which a firm employs its assets? a. Return on equity b. Equity multiplier O C. Total asset turnover O d. P/E ratio O e. Profit margin
Which of the following is a typical key performance indicator for the financial perspective? Multiple Choice New customer acquisition rate Process cost Satisfaction Change readiness Return on equity