Provide answer A and B Techno Supplies Inc. had a net income of $1,250 millionand sales of $22,500 million in 2021. Its total assets were$10,200 million at the beginning of the year and $11,000million at the end of the year.What is Techno Supplies Inc.'s(a) asset turnover ratio(b) profit margin ratio?

Step 1: Definition of Asset Turnover Ratio And Profit Margin RatioThe asset turnover ratio is a…

Answered: Techno Supplies Inc. had a net income…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

See similar textbooks

Similar questions

Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods sold Dividends paid = $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,01O. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. $24,359; Depreciation expense = $6,027; Interest expense $2,725; %3D a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do not 1. round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to stockholders? (Do…
What is the return on assets on these general accounting question?
What are the annual sales for a firm with $805,853 in total liabilities, a total debt ratio of 0.84, and an asset turnover of 1.5? Numeric Response
What was green wave's 2020 percentage return on assets of this financial accounting question?
General accounting
What is target corporation? a b ? General accounting question
General Accounting
What is the return on assets of this accounting question?
ABC Ltd. reported a net income of $850 million and sales revenue of $18,200 million in 2023. The company's total assets were $7,800 million at the beginning of the year and $8,600 million at the end of the year. a) Compute the asset turnover ratio. b) Compute the profit margin ratio.
Target in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average total assets of $38,215 billion. What is Target’s asset turnover? What is Target’s return on assets?
What was its total assets turnover ratio?
What was the net sales for the year 2022?

SEE MORE QUESTIONS

Recommended textbooks for you

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning