Select Co. had the following 2005 financial statement relationships: Asset turnover 5 Profit margin on sales 0.02 What was Select's 2005 percentage return on assets? a. 0.1% b. 0.4% c. 2.5% d. 10.0%
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What was select's 2005 percentage return on assets?
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- Damietta Furniture Corporation has a net profit margin of 15% and a total asset turnover of 1.7. What is Damietta Furniture's return on total assets (ROA)? Select one: O a. 11.1% O b. 12.3% c. 8.8% O d. 25.5%Need help with this accounting questionArshadi Corp.'s sales last year were $49,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)? Select the correct answer. a. 3.03 b. 0.63 c. 1.43 d. 3.83 e. 2.23
- What company is better in short-term and whyThe following financial ratios have been calculated for Nova Ltd for the year ended 30 June 2008:Ratio ActualresultsBudgetedresultsPreviousyearIndustry AverageCurrent ratio 1.97 1.92 1.87 1.92Quick asset ratio 1.06 1.06 1.06 1.11Inventory turnover 4.21 4.91 4.86 4.76Net profit ratio 0.05 0.03 0.03 0.03Gross margin 0.65 0.59 0.61 0.61Required:Provide four (4) possible explanations for the results of the various ratios for Nova Ltd and explaintheir implications for the audit.Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%
- 8. Trend Ratios, Application of some Financial Ratios and their Interpretation Some of the balance sheet and income statement figures of Sapphire Mfg. CO. for 2016, 2017 and 20181 are as follows. 2018 P30,000 2016 2017 Quick assets P40,000 P48,000 65,000 25,000 80,000 50,000 Current assets 50,000 40,000 110,000 200,000 Investments 160,000 135,000 Plants, property and equipment, net Total assets 250,000 265,000 Current liabilities 45,000 50,000 100,000 75,000 Long Term debt Total stockholders' equity 40,000 50,000 105,000 125,000 125,000 Total liabilities and stockholders' Equity 200,000 400,000 240,000 250,000 265,000 Sales 375,000 500,000 Cost of goods sold Operating expenses (including Depreciation of P10,000) 255,000 290,000 110,000 95,000 105,000 Net income 50,000 50,000 130,000 a) Compute for the trend ratios based on the above given data and give your interpretation of the 2017 and 2018 figures.this is all information givenWhat are the annual sales for adorn with $0.5 M in liabilities a total debt ratio of 0.5 and an asset turnover of 4.0 assume assets remain unchanged?