The following financial data is given for two companies, WIN and LOSS. They both manufacture and sell construction equipment across the US and Canada. Both companies have a year end of November 30. WIN Company 2022 LOSS Company 2022 2021 2021 Net Sales $4,274,000 $4,177,000 $3,734,000 $3,200,000 Total Assets $3,370,000 $2,454,000 $2,262,000 $1,606,000 Net Income $661,000 $600,000 $367,000 $301,000 Gross Profit $2,564,400 $2,506,200 $2,240,400 $1,920,000 Calculate the asset turnover for each company in 2022. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Asset Turnover for WIN: Asset Turnover for LOSS:
The following financial data is given for two companies, WIN and LOSS. They both manufacture and sell construction equipment across the US and Canada. Both companies have a year end of November 30. WIN Company 2022 LOSS Company 2022 2021 2021 Net Sales $4,274,000 $4,177,000 $3,734,000 $3,200,000 Total Assets $3,370,000 $2,454,000 $2,262,000 $1,606,000 Net Income $661,000 $600,000 $367,000 $301,000 Gross Profit $2,564,400 $2,506,200 $2,240,400 $1,920,000 Calculate the asset turnover for each company in 2022. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Asset Turnover for WIN: Asset Turnover for LOSS:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following financial data is given for two companies, WIN and LOSS. They both manufacture and sell construction equipment across the US and Canada. Both companies have a year
end of November 30.
WIN Company
2022
LOSS Company
2022
2021
2021
Net Sales $4,274,000 $4,177,000 $3,734,000 $3,200,000
Total Assets $3,370,000 $2,454,000 $2,262,000 $1,606,000
Net Income $661,000 $600,000 $367,000 $301,000
Gross Profit $2,564,400 $2,506,200 $2,240,400 $1,920,000
Calculate the asset turnover for each company in 2022.
Do not enter dollar signs or commas in the input boxes.
Round your answer to 2 decimal places.
Asset Turnover for WIN:
Asset Turnover for LOSS:
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