Calculate return on assets Return on Assets (ROA) Calculation. Average Receivables: $180,000Receivables represent 50 days of salesAverage Assets: $900,000Profit Margin: 8%

To calculate the Return on Assets (ROA), we use the formula: ROA=Net Income/Average Assets However,…

Answered: Return on Assets (ROA) Calculation .…

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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General accounting question
Use the following information to answer the question that follow:Net Income : $205,000Profit margin : 7.80%A/R : $151,642Credit sales : 60% of total salesCompute the days’ sales in receivables
I want to correct answer accounting questions
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COMPUTE FOR THE FOLLOWING ACCOUNTS: (THE BALANCE SHEET SHOULD BALANCE) (In Pesos) Annual Credit Sales 1,800,000 Cash 32,720 Gross Profit Margin 25% Marketable Sec. 25,000 Inventory Turnover 6 Accounts Receivable ? No. of days in a year 365 Inventories ? Average Collection Period 45 days Total Current Assets ? Current Ratio 1.6 Net Fixed Assets ? Total Asset Turnover Ratio 1.2 Total Assets ? Debt ratio 60% Accounts Payable 120,000 Notes Payable ? Accruals 20,000 Gross Profit ? Total Current Liabilities ? Long Term Debt ? *ALL SALES ARE CREDIT SALES Stockholders' Equity 600,000 Total Liab. And Equity ?
I need help with accounting question
A firm has $180,000 in average receivables, which represents 50 days sales, average assets of $900,000, and a profit margin of 8%. Calculate the Return on Assets (ROA).
Calculate the sale-to-cash conversion period based on the following information: average inventories = $120,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $182,500; and net sales = $365,000. 180 days 90 days 60 days 45 days
Given the following: Current Assets $ 18,000 Accounts Receivable $ 3,000 Current Liabilities $ 16,000 Inventory $ 2,000 Net Sales $ 41,000 Total Assets $ 29,000 Net Income $ 6,000 Find the following (round to the nearest hundredth if needed): Current Ratio? Acid test quick ratio? Average days collection ? Asset turover ? Profit Margin on net sales?
Net Credit Sales = 12,000. Accounts receivable turnover = 18.8 times. Cost of goods sold = 2,000. Days in Year = 365 days. How much is average collection period in days?
What are the day's sales in receivable?
cost accounting

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Return on Assets (ROA) Calculation . Average Receivables: $180,000 Receivables represent 50 days of sales Average Assets: $900,000 Profit Margin: 8%