assets turnover Francis CompanyIgnatius CompanyNet Sales Revenue900,000.00580,000.0010,000.0082,000.00150,000.0065,000.00780,000.00530,000.00820,000.00540,000.008,000.0065,000.00110,000.0045,000.00600,000.00425,000.00Cost of SalesInterest ExpenseNet Income after taxAccounts ReceivableInventoryTotal AssetsOwner's EquityFrancis Company's total asets and owner's equity as of January 1. 2018 amounted to720,000 and 470,000 respectively. On the other hand Ignatius Company's total assetsand owner's equity as of being of 2018 totaled 560,000 and 385,000, respectively.

The ratio analysis helps to analyse the financial statements of the business. Assets turnover is…

Answered: Francis Company 900,000.00 pr…

Business

Accounting

Francis Company 900,000.00 pr 580,000.00 10,000.00 82,000.00 150,000.00 65,000.00 780,000.00 530,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

assets turnover

Francis Company
Ignatius Company
Net Sales Revenue
900,000.00
580,000.00
10,000.00
82,000.00
150,000.00
65,000.00
780,000.00
530,000.00
820,000.00
540,000.00
8,000.00
65,000.00
110,000.00
45,000.00
600,000.00
425,000.00
Cost of Sales
Interest Expense
Net Income after tax
Accounts Receivable
Inventory
Total Assets
Owner's Equity
Francis Company's total asets and owner's equity as of January 1. 2018 amounted to
720,000 and 470,000 respectively. On the other hand Ignatius Company's total assets
and owner's equity as of being of 2018 totaled 560,000 and 385,000, respectively.

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