General Accounting Question solve with correct method Question:Sifton Company reported the following data:20142015Sales$3,000,000 $3,900,000Net Income300,000 400,000Assets at year end1,800,000 2,500,000Liabilities at year end 1,100,000 1,500,000What is Sifton's asset turnover for 2015?a. 1.56b. 1.61c. 1.81d. 2.17

Step 1: Define Return on AssetsThe assets deployed on the production of finished goods (plant,…

Answered: Question: Sifton Company reported the…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 81.3C: Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear Refer to the 10-K reports of...

See similar textbooks

Similar questions

Need help ASAP :(
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 %
Get help with calculation
Where would you find the financial statements for Costco? https://motley.com https://wallstreet.com https://investor.costco.com https://sec.gov Endotherm Company produced revenue of $120,000. Beginning Assets for the period were $200,000 and Ending Assets were $250,000. What is the Total Asset Turnover Ratio for this period? .53 1.87 .48 .26 What is the Total Asset Turnover Ratio for a company with $120,000 in annual sales, beginning Assets of $250,000 and ending Assets of $200,000? .48 1.34 .26 .53 The efficiency ratio that shows how efficiently a company uses its cash to generate revenue is: Accounts Receivable Turnover Ratio. Total Asset Receivable Turnover Ratio. Cash Turnover Ratio. Inventory Turnover Ratio. please answer all questions. explainte answwer provide me with correct option
Accounting solve this question
Computing Asset Ratios The following information relates to Mazy's Inc. $ millions Total Assets Revenue Net Income Fiscal Year 2015 $47,325 $62,282 $2,461 Fiscal Year 2014 46,926 Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively. Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Compute the asset turnover ratio for fiscal year 2015. Answer b. Compute the return on assets ratio for fiscal year 2015. Answer
Asset turnover A company reports the following: Sales $858,000Average total assets (excluding long-term investments) 572,000Determine the asset turnover ratio. If required, round your answer to one decimal place.fill in the blank 1
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $10,560 $64,188 $97,128 $11,280 Fiscal Year 2015 28,002 200,852 91,803 9,819 Fiscal Year 2014 8,502 55,782 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and 2015. c. Compute the fixed asset turnover ratio for fiscal years 2016 and 2015. Note: Do not round until your final answers. Round final answers to two decimal places. Ratio 2016 2015 a. Asset turnover 0.73 v 0.72 v b. Return on assets 8.53 x 7.65 x c. Fixed asset turnover 5.04 v 5.03 v
Using the figures in the question above, what is the asset turnover for 20X8? A 0.075 times B 0.13 times C 7.5 times D 13.3 times
What is the asset turnover ratio on these general accounting question?
Need ans the general Accounting question
i need this question answer general accounting

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SEE MORE TEXTBOOKS

Question: Sifton Company reported the following data: 2014 2015 Sales $3,000,000 $3,900,000 Net Income 300,000 400,000 Assets at year end 1,800,000 2,500,000 Liabilities at year end 1,100,000 1,500,000 What is Sifton's asset turnover for 2015? a. 1.56 b. 1.61 c. 1.81 d. 2.17