The following data are from annual reports of Jen's Jewelry Company. Total assets Total liabilities 2012 2011 2010 $60,800 $53,700 $40,900 14,100 11,900 5,300 Total stockholders' equity 46,700 41,800 35,600 Sales revenue Net income 163,600 150,600 131,900 50,100 40,200 24,200 Compute Jen's total asset turnover ratio for 2012 and 2011.

The following data are from annual reports of Jen's Jewelry Company. Total assets Total liabilities 2012 2011 2010 $60,800 $53,700 $40,900 14,100 11,900 5,300 Total stockholders' equity 46,700 41,800 35,600 Sales revenue Net income 163,600 150,600 131,900 50,100 40,200 24,200 Compute Jen's total asset turnover ratio for 2012 and 2011.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 63BE: Asset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account...

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Asset Efficiency Ratios Sammy Inc.'s financial statements for 2023 indicate the following account balances: Net sales Cost of goods sold Average accounts receivable Average inventory Average property, plant, and equipment Average total assets. Required: Round your answers to two decimal places. 1. Using this information, calculate Sammy's receivable turnover ratio. $307,608 170,100 21,329 3,960 85,367 144,140 2. Using this information, calculate Sammy's asset turnover ratio and also convert the ratio into days. Assume 365 days in a year. Round your answer to nearest whole day. Asset turnover ratio Conversion into days days
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