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) 1.75
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- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.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: Sales $10,975,200Average total assets $1,371,900 Determine the asset turnover ratio. Round your answer to one decimal place.
- Provide answer the accounting questionFootfall Manufacturing Ltd. reports information at the end of the current year: Net Sales $100,000 Debtor's turnover ratio (based on 2 net sales) Inventory turnover ratio 1.25 Fixed assets turnover ratio 0.8 Debt to assets ratio 0.6 Net profit margin 5% Gross profit margin 25% Return on investment 2% the following financial Use the given information to fill out the templates for income statement and balance sheet given below: Income Statement of Footfall Manufacturing Ltd. for the year ending December 31, 20XX (in $) Sales 100,000 Cost of goods sold Gross profit Other expenses Earnings before Lax Tax @50% Earnings tax afterYour company has net sales revenue of $43 million during the year. At the beginning of the year, fixed assets are $15 million. At the end of the year, fixed assets are $17 million. What the fixed asset turnover ratio? Multiple Choice 2.87 1.34 2.53 269
- General accountingAssume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%Complete the balance sheet and sales information using the following financial data:Total assets turnover: 1.1×Days sales outstanding: 73.0 daysaInventory turnover ratio: 4×Fixed assets turnover: 2.5×Current ratio: 2.0×Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20%aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $ Current liabilities $ Accounts receivable Long-term debt 54,000 Inventories Common stock Fixed assets Retained earnings 108,000 Total assets $360,000 Total liabilities and equity $ Sales $ Cost of goods sold $
- Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net sales $100.000 Debtors’ turnover ratio (based on sales) 2 Inventory turnover ratio 1.25 Fixed assets turnover ratio 0.8 Debt to assets ratio 0.6 Net profit margin 5% Gross profit margin 25% Return on investment 2% Use the given information to fill out the templates for the income statement and balance sheet given below: Income Statement of Footfall Manufacturing Ltd. for the year ending December 31, 20XX (in $) Sales 100,000 Cost of goods sold Gross profit Other expenses Earnings before tax Tax @ 50% Earnings after tax Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (in $) Liabilities Amount Assets Amount Equity Net fixed assets Long term debt 50,000 Inventory Short term debt Debtors Cash…What was Collins' total assets turnover ratio?A company reports the following:Sales $1,800,000Average total assets 1,125,000Determine the asset turnover ratio. Round to one decimal place.
