Green wave Corp. had the following 2020 financial statement relationships: Asset turnover: 4.5 Profit margin on sales: 0.03 What was Green wave's 2020 percentage return on assets?
Q: How much is the accounts receivable turnover ratio?
A: Explanation of Net Credit Sales: Net credit sales represents the total revenue a company generates…
Q: Need Correct Answer
A: Option a) Random recording suffices: This option is incorrect because random recording of economic…
Q: Chapter: Accrual Accounting - Jim Corporation's liability account balances at June 30, 2023included…
A: Step 1: DefinitionsExplanation of Accrual Accounting:Accrual accounting is a method where revenues…
Q: ANSWER
A: To calculate the Price-to-Earnings (P/E) ratio, we use the formula: P/E=Market Price per…
Q: On a particular date, FlexShip has a stock price of $105.40 and an EPS of $8.10. Its competitor,…
A: To estimate ShipX's stock price using the method of comparables, we apply the Price-to-Earnings…
Q: Require both answer
A: Step 1: Compute Shareholder EquityThe accounting equation states:Assets = Liabilities + Shareholder…
Q: If total assets decreased by $8,000 and stockholders' equity decreased by $3,000 during a period of…
A: To determine how total liabilities have changed, we can use the basic accounting equation:Assets =…
Q: How many times per year does the company reorder of this financial accounting question?
A: Step 1: Define Economic Order Quantity (EOQ)Economic Order Quantity (EOQ) is a formula used in…
Q: Give me answer
A: Explanation of Budgeted Tenant Days:Budgeted tenant days represent the expected level of activity…
Q: Sterling Corporation sells a single product. Its annual revenue is $900,000, and profit is $40,000.…
A: To find the operating leverage, we use the formula: Operating Leverage=Contribution Margin/Net…
Q: MCQ
A: Explanation of Sales:Sales represent the total revenue a company earns from selling its products or…
Q: Ans
A: Step 1: Introduction to factory overheadFactory overheads are defined as indirect costs that are not…
Q: Company X sets price equal to cost plus 60%. Recently , Company X charged a customer a price of $42…
A: Step 1: DefinitionsExplanation of Cost:Cost refers to the total amount a company incurs to produce…
Q: accounting question
A: The Price-Earnings (P/E) ratio is calculated using the formula:P/E Ratio = Market Price per Share /…
Q: Skyline Solutions Ltd. reported a net income of $1,900,000 in 2023 and paid $500,000 in dividends to…
A: To find the Price-Earnings (P/E) Ratio, we use the formula: P/E Ratio=Market Price per…
Q: General Accounting
A: Step 1: Define Direct Materials Cost VarianceThe Direct Materials Cost Variance measures the…
Q: Financial accounting
A: :The Total Holding Period Percentage Return (THPR) is calculated using the formula: THPR=(Final…
Q: I need help with this solution and accounting question
A: Step 1: Calculate Weighted Average Shares OutstandingRiverdale Company had 24,000 shares at the…
Q: Please need answer the financial accounting question
A: Step 1: Define Gross Profit PercentageGross profit percentage is the ratio of gross profit to total…
Q: Financial accounting problem
A: Step 1: Calculation of Total CostTotal Cost = Number of Shares × Cost per ShareTotal Cost = 520 ×…
Q: ?!
A: Concept of Standard Quantity:Standard quantity refers to the amount of material that should be used…
Q: what is the company's residual income?
A: The residual income (RI) is calculated using the formula: Residual Income=Operating Income−(Average…
Q: What is the revised depreciation expense for 2019
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: A $2,000 bond issued in 2018 pays $180 in interest each year. What is the current yield on the bond…
A: The current yield of a bond is a measure of the return an investor earns each year based on the…
Q: Which financial ratio measures a company’s profitability by comparing net income to its average…
A: Return on Assets (ROA) is a financial ratio that measures a company's profitability relative to its…
Q: Petron Pet Supplies sells on terms of 3/10, net 60. What is the effective annual cost of trade…
A: To calculate the effective annual cost of trade credit, we use the formula: \text{Effective Cost} =…
Q: Harbor Groceries began the current month with inventory costing $28,750, then purchased inventory at…
A: Step 1: Definition of Inventory ShrinkageInventory Shrinkage refers to the loss of inventory that…
Q: Chipa Corp. started the year with total assets of $303,000 and total liabilities of $243,000. During…
A: Step 1: DefinitionsExplanation of Stockholders' Equity:Stockholders' equity represents the owners'…
Q: Grant Industries had $200,000 in sales on account last year. The beginning accounts receivable…
A: Concept of Sales on Account:Sales on account refer to revenue a company earns from selling goods or…
Q: Subject: Accounting
A: Explanation of Assets:Assets represent resources owned or controlled by a business that provide…
Q: What is the accounting equation, and why is it important?
A: The accounting equation is:Assets = Liabilities + EquityImportance:Foundation of Accounting - Forms…
Q: General Accounting Question need help
A: Step 1: Definition of Break-Even Point The break-even point in units represents the number of units…
Q: Need help with this question solution general accounting
A: Step 1: Understand the Gross Profit FormulaGross Profit is calculated using the formula:Gross Profit…
Q: General accounting
A: To determine the annual growth rate of the company, we can use the Sustainable Growth Rate (SGR)…
Q: Accurate Answer
A:
Q: Financial accounting question
A: Step 1: Definitions Concept of Equivalent Units of Production (EUP):Equivalent Units of Production…
Q: Which factor determines the capitalization of website development costs ?a. Application development…
A:
Q: Solve this question accounting
A: Step 1: Definition of Bad Debt ExpenseBad Debt Expense is the estimated amount of accounts…
Q: Hello tutor can u help me for my ass
A: Answer to the First QuestionThe correct answer is:(a) Systematic relationships create comprehensive…
Q: Sub: accounting
A: Concept of Operating Leverage:Operating leverage is a measure of how sensitive a company's operating…
Q: At year-end, BlueWave Corp. has cash of $15,000, current accounts receivable of $75,000, merchandise…
A: Step 1: Definition of Days Sales Outstanding (DSO)Days Sales Outstanding (DSO), also known as days…
Q: QUE. GENERAL ACCOUNT
A: To find the Return on Equity (ROE), we use the formula: ROE=Net Income/Equity Step 1: Calculate Net…
Q: given answer for a. b. general accounting question
A: Step 1: Define Overhead RateThe Overhead Rate is a percentage used to allocate factory overhead…
Q: What was the number of equivalentunits?
A: Step 1: Definition of Equivalent Units of Production (Conversion Costs)Equivalent units of…
Q: Suppose you received a total of $1,245 in dividends plus $16,430 in proceeds from selling 520 shares…
A: Step 1: Determine the Total Purchase CostYou bought 520 shares at $28.75 per share.The total cost of…
Q: PLEASE HELP FILL THESE CELLS. NOTICE I HAVE PROVIDE THE OPTIONS ON THE DROP DOWN
A: Step 1: Identify Income (Loss) Before Income TaxesGiven that pretax financial income (loss) and…
Q: What accounting principle requires using the same accounting methods and principles from one period…
A: Option a: This option is incorrect because the materiality principle states that only significant…
Q: General Accounting Question
A: Step 1: Define Underapplied and Overapplied OverheadUnderapplied overhead occurs when the amount of…
Q: Answer with accounting
A: Step 1: Definition of EquityEquity represents the ownership value in an asset after all liabilities…
Q: What is the contribution margin ratio for this financial accounting question?
A: Step 1: Definition of Contribution Margin RatioThe Contribution Margin Ratio is the percentage of…
Financial Accounting
Step by step
Solved in 2 steps
- 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 percentagefor the year ending december 31 2019, settles inc. eanred an ROI of 8.8%. Sales for the year were 16 million and average asset turnover was 2.1. Average stockholder equity was 2.7 million. a. calculate settles margin and net inccome b. calculate settles return on equityCurrent Attempt in Progress Suppose selected comparative statement data for the giant bookseller Barnes & Noble are as follows. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2022 $5,050.3 3,700.7 65.1 65.0 1,250.1 2,950.1 940.6 2021 $5,800.9 3,200.1 190.9 106.6 1,350.1 3,250.1 1,100.5
- Need help this questionTarget in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average total assets of $38,215 billion. What is Target’s asset turnover? What is Target’s return on assets?For fiscal year 2021, Costco Wholesale Corporation ( COST) had a net profit margin of 2.60%, asset turnover of 3.24, and a book equity multiplier of 3.28. a. Use this data to compute Costco's ROE using the DuPont Identity. b. If Costco's managers wanted to increase its ROE by 1.10 percentage points, how much higher would their new asset turnover need to be? c. If Costco's net profit margin fell by 1.10 percentage points, by how much would their asset turnover need to increase to maintain their ROE? a. Use this data to compute Costco's ROE using the DuPont Identity. Costco's ROE is %. (Round to two decimal places.) If Costco's net profit margin fell by 1.05 percentage points, by how much would their asset turnover need to increase to maintain their ROE?
- Total Assets for Wendy's Pumpkins on 1 January 2020 was $650,000 and on 31 December 2020 was $850,000. Profit (before tax) for 2020 was $70,000, and the interest expense of the period was $20,000. What was the 2020 Rate of Return on Total Assets for Wendy's Pumpkins? formula: Rate of Return on Total Assets = Profit before Interest and Tax / Average Total Assets Select one: а. 4% O b. 9% О с. 16% O d. 12%In 2021, Noble Tech Inc. reported that the company's Return on Assets (ROA) was 10%, and its net profit margin was 6%. Calculate the company's total asset turnover (round your answer to two decimal places).Margin and net income