Solve the general accounting issue without use Ai GreenTech Innovations has the following financial data forthe year:-Total equity: $720,000-Sales: $3,600,000-Current assets: $1,200,000-Total liabilities: $900,000What is the total asset turnover for GreenTech Innovations?

Step 1: Define Total Asset TurnoverThe total asset turnover ratio measures how efficiently a company…

Answered: GreenTech Innovations has the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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A company reports the following: Sales $8,296,860 Average total assets (excluding long-term investments) 1,063,700 Determine the asset turnover ratio. Round your answer to one decimal place.fill in the blank 1
Selected current year company information follows: Net income $ 16,153 Net sales 714,855 Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year 85,932 105,201 200,935 124,851 The total asset turnover is: (Do not round intermediate calculations.)
Please provide answer the following requirements
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 %
Asset turnover A company reports the following: Sales $1,304,800 Average total assets (excluding long-term investments) 815,500 Determine the asset turnover ratio. If required, round your answer to one decimal place.
In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total assets of $44.5 billion, and net sales of $63.4 billion. Compute Target's asset turnover ratio. (Round answer to 2 decimal places, e.g. 5.60.) Target's asset turnover ratio times
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(46) Calculate Company Y's total asset turnover based on the following information for the current year: Net income $200,000 Assets at the beginning of the year $100,000 Assets at the end of the year $140,000 Net Sales $900,000
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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. 0.72
In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total assets of $44.5 billion, and net sales of $63.4 billion.Compute Target’s asset turnover ratio. (Round answer to 2 decimal places, e.g. 5.60.) Target’s asset turnover ratio enter the target’s asset turnover ratio in number of times rounded to 2 decimal places times
Select financial statement data for two recent years for Davenport Company are as follows: Line Item Description 20Y5 20Y4 Sales $2,011,500 $1,088,000 Fixed assets: Beginning of year 720,000 640,000 End of year 770,000 720,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round your answers to one decimal place. Line Item Description 20Y5 20Y4 Fixed Asset Turnover Ratio fill in the blank 1 of 2 fill in the blank 2 of 2

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GreenTech Innovations has the following financial data for the year: -Total equity: $720,000 -Sales: $3,600,000 -Current assets: $1,200,000 -Total liabilities: $900,000 What is the total asset turnover for GreenTech Innovations?