An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource.Data concerning those products appear below:LNRQSelling price per unitVariable cost per unit$ 166.99$ 116.03JQ$ 364.43$ 269.93$ 431.06$ 278.42Minutes on the constraint2.605.409.60Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products inthe order in which they should be emphasized. (Round your intermediate calculations to 2 decimal places.)

Particulars LN JQ RQ Selling Price Per Unit $166.99 $364.43 $431.06 Variable Cost Per Unit…

Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized. (Round your intermediate calculations to 2 decimal places.)

Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized. (Round your intermediate calculations to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Carrler Lennox Trane York Sales $150,000 $550,000 $38,700 $255,700 Sales discounts 5,000 17,500 600…

A: The ration analysis helps to analyze the financial statements of the business.

Q: The net profit margin ratio is calculated by dividing net sales by net income.

A: INTRODUCTION: The net profit margin calculates how much net income is earned as a percentage of…

Q: Calculate the missing values for each unique company. (Enter your ROI and Profit Margin percentage…

A: ROI=Investment turnover/Profit margin

Q: In generating a pro forma balance sheet, on what is the percentage of salesmethod based?

A: Balance Sheet is one of the financial statements that summarize the assets, the liabilities, and the…

Q: Use the following information to compute profit margin for each separate company a through e. Note:…

A: PROFIT MARGIN RATIOProfit Margin Ratio is the Ratio between Net Income & Total Sales…

Q: The Timber Ridge Company has the following relationships: Sales/Total assets = 2.46; ROA = 0.1080…

A: SalesTotal Assets = 2.46 ROA = 0.1080 Net profit Margin = Net IncomeSales

Q: Based on the data for Privett Company, what is the quick ratio,

A: We know that the formula to calculate quick ratio is Quick ratio = ( Current Assets - Inventory-…

Q: Page 317 Exercise 8-15 Liquid assets and accounts receivable O A10 Barga Co.'s net sales for Year 1…

A: Days' Sales Uncollected = (Accounts receivable / Net Sales) x 365 days

Q: Use the following information for Palmer Co. to compute inventory turnover for Year 3 and Year 2,…

A: Ending inventory means the value of an inventory which a company is on hand at the end of the…

Q: Before you look at the profit which is the last number on the income statement which number would be…

A: An income statement, also known as a profit and loss statement or P&L statement, is a financial…

Q: Calculate the following for the Tesla Company from the TWO most recent years: a. any two…

A: We have to conduct ratio analysis using the financials from two recent most years for the Tesla…

Q: Briggs Company has operating income of $45,760, invested assets of $143,000, and sales of $457,600.…

A: Return on investment helps in measuring the efficiency of the amount invested in a particular…

Q: Total profit is defined as total revenue, R(x), minus total cost, C(x), and is given by the function…

A: Profit Function: Profit is the result from deducting the cost or the expenses to the revenue. It…

Q: What information is needed to measure the absolute profitability of a segment?

A: Absolute profitability measures are defined as the measure, which used to impact an overall profits…

Q: Using these data, determine the following: Earnings per share. Round your answer to two decimal…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: of the following is a technique for reviewing relationships on an income statement by assigning net…

A: Solution: Technique for reviewing relationships on an income statement by assigning net sales as…

Q: Explain the presentation of a multiple-step income statement. BE5.9 (LO.5), C Writing Explain where…

A: The multi-step income statement is the income statement prepared with the segregation of income and…

Q: Calculate the profitability ratios of Dernham Inc. in the following table. Convert all calculations…

A: Profitability ratios are financial metrics used by analysts and investors to measure and evaluate…

Q: Find: a. The maintained markup in dollars and percentages. b. The gross margin in dollars and…

A: Formulas used: Maintained Mark up $ = Gross Margin$ - Cash Discounts +Alternations Gross Margin $ =…

Q: Calculate the profitability ratios of Dernham Inc. in the following table. Convert all calculations…

A: Profitability ratios are financial metrics used by analysts and investors to measure and evaluate…

Q: Write the formula of the Price-Earnings ratio and explain how a result of 11 should be interpreted

A: Price earning ratio, popularly known as P-E ratio, is an important parameter to check the…

Q: If you want an indication of the direction a business is taking, you would usea. benchmarking.b.…

A: Financial statement analysis Financial statement analysis are analyzed to understand the…

Q: The following table provides data for output (real GDP) and saving. a. Fill in the missing numbers…

A: a) Level of GDP (A) Consumption B=A-C Saving (C) APC D=B/A APS E=1-D…

Q: Answers only please. 1. While determining the most profitable company from the given number of…

A: Profitability is the measure of success with which the business operates.

Q: tial analysis should include the following: The ratio equation The calculation of the ratio using…

A: Times-interest-earned ratio: The time interest earned ratio aids in determining the company's…

Q: Comment on each of the ratios calculated in part (a).

A: i) Gross Profit Margin: This ratio shows the percentage of Gross profit in comparison to Net sales.…

Q: Exercise 9-17 Accounts receivable turnovere a10 The following information is from the annual…

A: The account receivables turnover ratio measures the efficiency of business to receive cash from its…

Q: LO 2. Vertical analysis, or the common-size analysis, is a technique for evaluating financial…

A: Financial statements refer to a set of statements that provide information about the financial…

Q: The Marine Division of Pacific Corp. has average invested assets of $120,000,000. Sales revenue of…

A: Return on investment = Operating income / Average invested assets where, Average invested assets =…

Q: Given this information, what is the profit percent? Format your answer to two decimal places and…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Refer to the information for Sundahl Company on the previous page.Required:1. Prepare a common-size…

A: A common size balance sheet allows for the relative percentage of each expense as a % of sales…

Q: Markup is: Group of answer choices Selling price - cost Selling price divided by cost Selling price…

A: Markup is the difference between the cost price per unit and the selling price per unit. Markup…

Q: Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net…

A: Vanshing Games corporation Income statement for the year ended $ Revenue:…

Q: Explain profitability ratios

A: SOLUTION:- A profitability ratio is a measure of profitability, which is a way to measure a…

Q: DuPont system of analysis Use the following financial information for AT&T and Verizon to conduct a…

A: Performance in terms of asset utilization, profit earning ability, equity returns, etc. of two or…

Q: Calculate the missing values for each unique company. (Enter your ROI and Profit Margin percentage…

A: ROI = Profit margin * investment turnover Profit margin = ROI / investment t urnover Investment…

Q: A measure of asset utilization is A. Sales divided by working capital b. Return on total assets c.…

A: Notes:- Formula:- Return on Assets =Net Income/Average Total Assets Concept:- The return on assets…

Q: The equation for Gross Profit is "Gross Profit = Revenues - Cost of Goods." Which of the following…

A: Gross income is direct income of a business generated from direct revenues of the company. It is an…

Q: your answers onthe space provided before each number. 1. Profitability ratios measure the ability of…

A: Accounting ratios refers to those ratios which compare the line items of the financial statements…

Question

An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource.
Data concerning those products appear below:
LN
RQ
Selling price per unit
Variable cost per unit
$ 166.99
$ 116.03
JQ
$ 364.43
$ 269.93
$ 431.06
$ 278.42
Minutes on the constraint
2.60
5.40
9.60
Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in
the order in which they should be emphasized. (Round your intermediate calculations to 2 decimal places.)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

The correlation (r) between the price of a product (x) and average daily sales (y) is –0.95. Complete the following statements: a) The coefficient of determination is b) The coefficient of non-determination is
Chapter 14, Question 5. This is part of the question. Am asking another question on Bartleby for the second part. Attached is a similar question with answers. Please answer the new question in the same format :)
Write the formula of the Price to Book Value Ratio and explain how a result of 2 should be interpreted.
I need help to determine the following; 5. For P & B Manufacturing to assess its profitability I need help to calculate the net profit margin percentage AND the return on equity. Include calculations and round answers to 2 decimal places.
How is Profit Margin calculated and what does It measure? What are some of the sources where one can Find financial information? What is an operating cycle and how it is Calculated?
The 2021 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12,250,000, and net income of $1,700,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Long-term assets $ 700,000 1,600,000 2,000,000 4,900,000 $9,200,000 $860,000 1,100,000 1,500,000 4,340,000 Total assets $7,800,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings $1,920,000 $1,760,000 2,500,000 1,900,000 1,640,000 $7,800,000 2,400,000 1,900,000 2,980,000 Total liabilities and stockholders' equity $9,200,000 Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on assets Profit margin 45% 25% 15% 2.5times 35% Asset turnover Return on equity
How do I make a tabular format, to provide the revenues, gross profit, income from operations, net income, and earnings per share for the most recent three fiscal years. For the two most recent fiscal years, compute and indicate the annual percentage growth (or decline) in each of these numbers?
How would the current and quick ratios of a service business compare?
company operating results include all of the following EXCEPT: a. Ratio Analysis b. Vertical Analysis c. Circular Analysis d. Horizontal Analysis
You have been hired by Number Company as a staff accountant. Your first assignment is to produce financial statements for Alphabetical Company. You must produce the income statement, statement of owners' equity and balance sheet for both years, and a statement of cash flows for only 20X2. Additionally, please refer to the rubric attached to this assignment for additional grading components and information required in submission. Please note that the company: 1. Issued stock in 20X2, but did not in 20X1. 2. Paid its 20X1 tax liability in full in 20X2. Tax rate 38% Deferred tax payable - Depreciation at Dec. 31, 20X0 26,600 20X1 20X2 Estimated tax payment made Tax depreciation 4,600 10,000 37,200 33,600 Unrealized gain on short-term trading debt investment 8,400 5,100 Unrealized gain on long-term AFS debt investment 11,000 20X1 20X2 Accounts payable 222,550 298,966 Accumulated depreciation Accounts receivable Additional paid-in capital Amortization expense Cash Common stock ($1 par…
Suppose you want to compare Palfinger AG to another heavy equipment manufacture, Caterpillar, Inc. To compare the companies, complete the table below and calculate common-sized numbers. To common-size balance sheet numbers, divide by total assets abd to common-size income statement numbers, divide by net sales. Comment on the trends over time and levels across companies.
what do the final numbers for each of these ratios mean i.e solvency ratio 0.0322 - is this good? are they in profit, what can they do to improve,