Miles Co. earned $250,000 net income last year and its net sales were $4,900,000. Beginning were $12,250,000 and ending total assets $15,750,000. What is the asset turnover? A) 0.40 times. B) 1.8 times. C) 0.35 times D) 0.31 times.
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- H6. BDU Company has net income of $500,000 and average assets of $2,000,000 for the current year. If its asset turnover is 1.25 times, what is its profit margin? Show proper step by step calculationBaker Oats had an asset turnover of 1.8 times per year. a. If the return on total assets (investment) was 12 percent, what was Baker's profit margin? (Input your answer as a percent rounded to 1 decimal place.) Profit marginLast year, Beecher Manufacturing had a 12.5% ROA, net income of $800,000, and net sales of $1,600,000. Given these values, what was the firm's asset turnover ratio? a.) 0.45 b.) 0.25 c.) 0.50 d.) 0.20
- The Huntzicker Company reported gross sales of $850,000, sales return and allowances of $5,000 and sales discounts of $5,000. The company has average total assets of $500,000, of which $250,000 is property, plant, and equipment. What is the company's asset turnover ratio? a. 1.68 times b. 1.72 times c. 0.59 times d. 1.8 timesThe average total assets of Party Favors, Inc. amount to $110,000. The firm's total receivables are $7,000, representing 25 days' sales. The firm's profit margin is 8 percent. Use a 365-day year and round your answers to two decimals. A) What is Party Favor's asset turnover ratio? B) What is its ROA?Richard's Sporting Goods reports net income of $120,000, net sales of $520,000, and average assets of $1,600,000. The asset turnover is: Multiple Choice 3.1 times. 0.1 times. 0.3 times. 13.3 times.
- Morgan's company had sales totaling $56,700 for this quarter. The sales returns totaled $4,800. Average total assets for the company amounted to $109,000. Morgan's company also spent a total of $5,300 on patents for the quarter. What is the asset turnover for this quarter? 0 .48 .52 .55 0 .50Crafty Inc. reported the following financial data. Sales, $180,000; operating expenses $160,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 12% return on investments. What is the asset turnover ratio? O.133 O.18 O 1.2 O .111Ryngard Corp's sales last year were $42,000, and its total assets were $15,000. What was its total assets turnover ratio? Question 8 options: 2.8 2.36 2.31 2.63
- Don Co. has total assets of $8,500,000 and a total asset turnover of 2.54 times. Assume the return on assets is 15 percent. Required: What is its profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Profit margin _%.Arshadi Corp.'s sales last year were $52,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)?PXG Co. has total assets of $10,300,000 and a total asset turnover of 2.53 times. Assume the return on assets is 11 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)