Oak Ltd. reported net sales of $325,000 for the year ended December 31, 2023. The company's total assets were $175,000 at the beginning of the year and $225,000 at year-end. What is Oak's asset turnover ratio for 2023? a. 1.63 times b. 1.45 times c. 1.86 times d. 2.05 times
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- Baldwin, Inc. had net sales of $52,200,000 for the year ended May 31, 2024. Its beginning and ending total assets were $55,200,000 and $88,800,000, respectively. Determine Baldwin's asset turnover ratio for year ended May 31, 2024. (Round the asset turnover ratio to two decimal places, X.XX.) Asset turnover ratio CDuring 2022, Sunland Company reported net sales of $3,340,500 and net income of $1,410,000. Its balance sheet reported average total assets of $1,310,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover $ times %24The balance sheet of Huan Corporation reported net fixed assets of $332,000 at the end of 2018. The fixed- asset turnover ratio for 2018 was 4.0, and sales for the year totaled $1,540,000. Net fixed assets at the end of 2017 were: A. $491,000. B. $385,000. C. $438,000 D. $408,000
- During 2022, Concord Corporation reported net sales of $4,674,600 and net income of $1,400,000. Its balance sheet reported average total assets of $1,260,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnoverUsing 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 %During 2020, Riverbed Corporation reported net sales of $5,542,800 and net income of $1,560,000. Its balance sheet reported average total assets of $1,490,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover times
- During 2020, Metlock, Inc. reported net sales of $2,850,900 and net income of $1,550,000. Its balance sheet reported average total assets of $1,290,000.Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.)During 2018, Ambiance Company reported net revenue of $3,255,000. The company reported net fixed assets of $840,000 on January 1, 2018 and net fixed assets of $1,020,000 on December 31, 2018.Required: Calculate the fixed asset turnover ratio. (Round your answer to one decimal place.)The 2025 Annual Report of Marigold International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (b) June 29, 2025 (c) $1.552 1.091 2,733 150 June 27, 2024 $1.376 1.147 2.845 Compute the following ratios for Marigold International for 2025: 136 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)
- For 2022, Bramble Corp. reported beginning total assets of $217,000 and ending total assets of $419,000. Its net income for this period was $57,000, and its net sales were $795,000.Compute the company’s asset turnover in times for 2022. (Round answer to 2 decimal places, e.g. 1.25.)Suppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of $29.90 billion, ending total assets of $32.25 billion, net sales of $22.60 billion, and net income of $4.80 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover timesThe balance sheets of a company reported net fixed assets of $356,000 at the end of 2024. The fixed-asset turnover ratio for 2024 was 3.0, and sales for the year totaled $1,410,000. Net fixed assets at the end of 2023 were: