QUESTION:TORRIDPUBLISHERSROMANCEHAS TOTALRECEIVABLES OF $4,700.00,WHICH REPRESENTS 22.00DAYS' SALES. TOTAL ASSETSARE $23,558.09. THE FIRM'SOPERATING PROFIT MARGINIS 9.06%. FIND THE FIRM'SASSET TURNOVER RATIOAND ROA.

Find Total SalesGiven:Total Receivables = $4,700Days' Sales Outstanding (DSO) = 22 daysFirst, we…

Answered: QUESTION: TORRID PUBLISHERS ROMANCE HAS…

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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14. Briggs Company has operating income of $33,516, invested assets of $133,000, and sales of $478,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin ____ % b. Investment turnover ____ c. Return on investment ____ %
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Bottlebrush Company has operating income of $49,749, invested assets of $309,000, and sales of $710,700. Use the DuPont formula to compute the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. Round answers to one decimal place. a. Profit margin % b. Investment turnover c. Return on investment %
Du Pont Analysis TRP has total receiveables of $3,000, which represents 20 days sales. Total assets are $75,000. The operating profit margin is 5%. Find the firms ROA and its assets turnover ratio.
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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 please give the correct answswer but only one is right.e xplain the correct naswer 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 give the correct answswer but only one is right.e xplain the correct naswer
Calculate the total asset turnover (sales / total assets) for the firm below. Make sure you do NOT convert your answer and keep 2 decimals for your final answer.....for examples, if you calculate 6,000/400 = 15, you should enter 15 into BB to be marked correct. Sales 4000 COGS $1,200 Depreciation $800 Interest $500 Net Income $200 Total Assets 1700
A company reports the following:Sales $4,400,000Average total assets 2,000,000Determine the asset turnover ratio. Round to one decimal place.
8. A company reports the following: Sales Average total assets $5,844,000 3,325,000 Determine the asset turnover ratio. Round to one decimal place.
Subject - account Please help me. Thankyou.
Torrid Romance Publishers has total receivables of $3,040, which represents 20 days’ sales. Total assets are $73,000. The firm’s operating profit margin is 5%. Find the firm's ROA and asset turnover ratio. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Aardvark & Co. has sales of $291,200, cost of goods sold of $163,300, net profit of $11,360, net fixed assets of $154, 500, and current assets of $89, 500. What is the total asset turnover rate? a) 1.19 b) 1.11 c) 1.24 d) 1.08 e) 1.28

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QUESTION: TORRID PUBLISHERS ROMANCE HAS TOTAL RECEIVABLES OF $4,700.00, WHICH REPRESENTS 22.00 DAYS' SALES. TOTAL ASSETS ARE $23,558.09. THE FIRM'S OPERATING PROFIT MARGIN IS 9.06%. FIND THE FIRM'S ASSET TURNOVER RATIO AND ROA.