QUESTION:SUPPOSE IN ITS 2014 ANNUAL REPORT,MCDONALD'S CORPORATION REPORTSBEGINNING TOTAL ASSETS OFOF $28.73BILLION; ENDING TOTAL ASSETS OF $30.58BILLION; NET SALES OF $22.80 BILLION;AND NET INCOME OF $4.03 BILLION.REQUIRED:(A) COMPUTE MCDONALD'S RETURN ONASSETS.RETURN ON ASSETS TO 2(ROUNDDECIMAL PLACES)(B) COMPUTETURNOVER.MCDONALD'SASSET(ROUND ASSET TURNOVER TO 2 DECIMALPLACES)

Explanation of Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a company uses…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 during 2022 that Federal Express reported the following information (in millions): net sales of $34,000 and net income of $80. Its balance sheet also showed total assets at the beginning of the year of $24,500 and total assets at the end of the year of $23,300.Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover enter the asset turnover rounded to 2 decimal places times Return on assets enter the return on assets in percentages rounded to 2 decimal places %
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Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,400 and net income of $88. Its balance sheet also showed total assets at the beginning of the year of $24,580 and total assets at the end of the year of $23,300. Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover Return on assets times %
Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financial data (in millions) in its annual report: Previous Year Current Year Net Income $9,050 $7,500 Net Sales 52,350 37,200 Total Assets 58,734 68,128 If the company’s total assets are $55,676 at the beginning of the previous year, calculate the company’s: (a) return on assets (round answers to one decimal place - ex: 10.7%) (b) asset turnover for both years (round answers to two decimal places) Previous Year Current Year a. Return on Assets Ratio Answer Answer b. Asset Turnover Ratio Answer Answer
6
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
The following data were included in a recent Papaya Incorporated annual report (in millions): Net revenue Net property, plant, and equipment 2015 $ 163,500 15,620 2016 $167,910 17,000 2017 $ 82,225 2018 4,960 $120,119 9,380 Required: 1. Compute Papaya's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Bigley reported a fixed asset turnover ratio of 8.1. Was Papaya's turnover better or worse than Bigley's in that year?
Find for Armstrong Company and Blair Company : Asset Turnover Ratios - (a) Fixed Asset turnover (times) (b) Receivables turnover (times) (c) Inventory turnover (times)
The following information is from Lacy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 14,403 $18,955 $1,070 a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year. Numerator a. Asset Turnover Ratio $ Check b. Return on Assets Ratio $ Numerator Denominator / $ Denominator / $ || Result Result

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