Question:5 Net sales are $3,000,000, beginning total, assets are $1,400,000. and the asset turnover is 3.0 times. What is the ending total asset balance? a) $1,400,000. b) 600,000. c) $1,000,000. d) $800,000.
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- ▷ NET SALES ARE $3,000,000, BEGINNING TOTAL, ASSETS ARE $1,400,000. AND THE ASSET TURNOVER IS 3.0 TIMES. WHAT IS THE ENDING TOTAL ASSET BALANCE? ▷ A) $1,400,000. ▷ B) 800,000. C) $1,000,000. D) $600,000.What is the ending total asset balance?Net sales are $3,000,000, beginning total, assets are $1,400,000. and the asset turnover is 3.0 times. What is the ending total asset balance? answer this
- Net sales are $3,000,000, beginning total, assets are $1,400,000. and the asset turnover is 3.0 times. What is the ending total asset balance?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 calculationb. In 20X2, sales increased to $5,890,000 and the assets for that year were as follows: $ 138,000 926,000 991,000 533,000 $ 2,588,000 Cash Accounts receivable Inventory Net plant and equipment Total assets Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times times times
- A company reports the following:Sales $1,800,000Average total assets 1,125,000Determine the asset turnover ratio. Round to one decimal place.Need help this questionYour company has net sales revenue of $43 million during the year. At the beginning of the year, fixed assets are $15 million. At the end of the year, fixed assets are $17 million. What the fixed asset turnover ratio? Multiple Choice 2.87 1.34 2.53 269
- 19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + 4,710 55,000 102,000 + = %Solve for (A) current ratio, (B) acid test, (C) average day's collection (360), (D) asset turnover, and (E) profit margin on sales. (Round to nearest hundredth or hundredth percent as needed.) Current Assets Accounts Receivable Current Liabilities Inventory Net Sales Total Assets Net Income $ 26,000 $ 4,100 $ 16,500 $4,100 $ 52,000 $ 38,000 $ 8,000What is the fixed assets turnover ratio?