General Accounting The following information is available for our company for the current year:1.operating income, $45,0002. -average total assets, $400,000;3.net sales, $900,000; and4.required rate of return, 12%.Calculate the asset turnover to two decimal places.1. O 2.25 times2. O 4.44 times3. O 5.00 times4.O 8.89 times

Step 1: Define Asset Turnover RatioAsset turnover ratio is used to determine the efficiency of a…

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EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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Your company has net sales revenue of $43 million during the year. At the beginning of the year, fixed assets are $15 million. At the end of the year, fixed assets are $17 million. What the fixed asset turnover ratio? Multiple Choice 2.87 1.34 2.53 269
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A company reports the following: Sales $8,296,860 Average total assets (excluding long-term investments) 1,063,700 Determine the asset turnover ratio. Round your answer to one decimal place.fill in the blank 1
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8A. During the current year, Sokowski Manufacturing earned income of $342,385 from total sales of $6,375,343 and average capital assets of $10,106,928. What is the asset turnover? Round to the nearest to the hundredth, two decimal places and submit the answer in a percentage.
H6. BDU Company has net income of $500,000 and average assets of $2,000,000 for the current year. If its asset turnover is 1.25 times, what is its profit margin? Show proper step by step calculation
b. In 20X2, sales increased to $5,890,000 and the assets for that year were as follows: $ 138,000 926,000 991,000 533,000 $ 2,588,000 Cash Accounts receivable Inventory Net plant and equipment Total assets Compute the following: Note: Round your answers to 2 decimal places. 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover Turnover Ratios times times times times
Asset turnover A company reports the following: Sales $6,480,000 Average total assets 2,400,000 Determine the asset turnover ratio. Round your answer to one decimal place.
Given the following data:
Asset turnover A company reports the following: Sales $1,284,150 Average total assets (excluding long-term investments) 611,500 Determine the asset turnover ratio. If required, round your answer to one decimal place.
Crafty Inc. reported the following financial data. Sales, $180,000; operating expenses $160,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 12% return on investments. What is the asset turnover ratio? O.133 O.18 O 1.2 O .111

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