Green Enterprises reports net sales of $4,500,000, beginning total assets of $2,100,000, and an asset turnover ratio of 2.25 times. Calculate the ending total asset balance.
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- Right Company reported beginning and ending total assets of $36,000 and $30,000, respectively. Its net sales revenue for the year were $26,070. What was Right's asset turnover ratio? A. 0.87 OB. 1.27 OC. 0.79 OD. 0.72A company reports the following: Sales $10,975,200Average total assets $1,371,900 Determine the asset turnover ratio. Round your answer to one decimal place.Brad's BBQ reported sales of $750,000 and net income of $29,500. Brad's also reported ending total assets of $497,000 and beginning total assets of $390,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator Choose Denominator Return on Assets %3D Return on assets Profit Margin Choose Numerator Choose Denominator Profit Margin Profit margin %3D Asset Turnover Choose Numerator Choose Denominator Asset Turnover Asset turnover times II II II II II
- Landon Enterprises reported the following financial data: Sales: $150,000 Total Assets: $90,000 Using a 365-day year, calculate Landon's total asset turnover ratio. a) 1.25 b) 1.50 c) 1.67 d) 1.33 e) 1.75A company reports the following financial data: • Sales Revenue: $1,250,000 Average Total Assets (excluding long-term investments): $680,000 Compute the Asset Turnover Ratio. If necessary, round the answer to one decimal place.A company reports the following:Sales $1,800,000Average total assets 1,125,000Determine the asset turnover ratio. Round to one decimal place.
- New Corporation reported net sales of $4,500,000 for the year. The company’s beginning total assets were $1,900,000, and its asset turnover ratio was 3.0 times. Based on this information, what is the ending total asset balance?Brad’s BBQ reported sales of $735,000 and net income of $28,000. Brad’s also reported ending total assets of $496,000 and beginning total assets of $389,000.Required:Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad’s BBQ.Dundee Company reported the following for the current year: Net sales Cost of goods sold Beginning balance of total assets. Ending balance of total assets Compute total asset turnover. Numerator. 1 1 $ 100,800 72,000 127,000 97,880 Total Asset Turnover Denominator: = = = Total Asset Turnover Total asset turnover times