The following information is provided for Oriole Company and Cheyenne Corp.: (in $ millions) Oriole Company Cheyenne Corp. Net income 2017 $150 $410 Net sales 2017 1300 4640 Total assets, 12/31/15 1050 2020 Total assets, 12/31/16 1180 3070 Total assets, 12/31/17 1180 4070 What is Oriole's asset turnover ratio (rounded) for 2017?
Q: I need correct answer accounting question
A: Step 1: First understand the derivation of the formula: We know that,Price to earnings ratio =…
Q: Hi please choose right option. sub. Account
A: Step 1: Understanding the Lower of Cost or Market (LCM) RuleThe Lower of Cost or Market (LCM) rule…
Q: Suppose the following information was taken given answer accounting questions
A: Step 1: Define Accounts Receivable Turnover RatioThe accounts receivable turnover ratio can be…
Q: Please provide this question solution accounting
A: Step 1: Define Sunk CostsSunk cost is a term used in cost accounting to refer to costs that have…
Q: Please sir help
A: Explanation of Non-Monetary Exchanges: Non-monetary exchanges refer to transactions where assets or…
Q: Trade credit the thompson corporation project provide answer accounting questions
A: Step 1: Define Short-Term FinancingSources of short-term financing last for a year or less than so…
Q: Please provide correct answer general accounting
A: Step 1: Define Operating LeverageOperating leverage is one of the three types of leverages that are…
Q: hi general account tutor solve this
A: To calculate the product cost per unit under variable costing, we need to understand the components…
Q: Can you answer the financial accounting question?
A: Step 1: Define Cash FlowThe movement of cash or money in and out of the organization is termed cash…
Q: I want to correct answer general accounting
A: Step 1: Define Net IncomeBecause net income represents earnings after all deductions have been made,…
Q: Financial Accounting Question please solve
A: Simple broAssets = Liabilities + EquityHence, Equity = Total assets - total liabilities…
Q: Nordstrom inc.report pls provide answer not use cloud
A: To calculate Return on Assets (ROA), the formula is: ROA =…
Q: Disclosures relating to PP&E assets are Select one: a. less extensive under ASPE. b. more…
A: Before we answer the question, let's understand the terms involved. PP&E stands for Property,…
Q: both questions answer want please give true answer
A:
Q: Kingston manufacturing has the solve this question
A: Step 1: Define Manufacturing OverheadManufacturing overhead is an indirect production cost related…
Q: Step by step answer
A: Formula for Operating Cash Flow: Operating Cash Flow = Net Income + Non-Cash Expenses (Depreciation)…
Q: Amanda would like to organize BAL as either an LLC (taxed as a sole proprietorship) or a C…
A: Step 1. Scenario 1: BAL Organized as an LLC (taxed as a sole proprietorship)1. Income…
Q: General accounting question
A: Step 1: Define PayrollDuring payroll, the companies have two transactions to record: recording of…
Q: Need help with this question solution general accounting
A: Step 1: Identify the formula for Asset Turnover Ratio:• Asset Turnover Ratio = Sales ÷ Average Total…
Q: DCL Industries purchased a supply of mechanical components from E Corporation on November 1, 2024 In…
A: In the given scenario, DCL Industries purchased mechanical components on November 1, 2024, for…
Q: Hi expert please give me answer general accounting
A: Explanation: In the given case, we are required to calculate the internal growth rate using the data…
Q: I need answer
A: Explanation of Cash Sales: Cash sales represent transactions where payment is received immediately…
Q: Hey sir can u provide answer with details
A: Explanation of Accounting Accuracy:Accounting accuracy refers to the precise recording and reporting…
Q: What is its account receivable turnover on these general accounting question?
A: Step 1: Define SalesA company can sell goods for cash or credit. Cash sales are recorded in the cash…
Q: Financial accounting
A: Explanation of Sales Revenue:Sales revenue is the total amount of money a business earns from…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Absorption CostingUnder absorption costing, all costs incurred in manufacturing the…
Q: Need help with this question solution general accounting
A: Step 1: Define Material Quantity VarianceMaterial quantity variance occurs when there is a…
Q: Cash receipt?
A: Hello student! To determine the cash collections/receipts for June, July, and August, we need to…
Q: Provide correct solution for this accounting question not use ai
A: Step 1: Define Predetermined Overhead RatePredetermined overhead rate is used to apply the…
Q: Please provide correct answer financial account not use aii
A: Step 1: Define Manufacturing Overhead CostThe term "manufacturing overhead cost" refers to the…
Q: company's general account inventry
A: Hello student! According to IAS 2: Inventories, the value of inventory should be measured at the…
Q: The small business deduction is only available on: Multiple Choice The first $500,000 in…
A: The small business deduction is a specific tax relief in Canada aimed at helping smaller businesses…
Q: Get correct answer accounting
A: Calculate the book value of the machine:The book value of an asset represents its value on the…
Q: Need answer the accounting question
A: Step 1: Define Inventory CostsInventory costs can fluctuate over time and based on customer demand.…
Q: Hello tutor provide solution this accounting question
A: Step 1: Define Variable CostingIn variable costing, the fixed manufacturing cost is recognized as a…
Q: Don't use chatgtp Or Ai
A: Question 1:Outback Camera Co. must calculate the liability for product warranties based on the…
Q: Hello tutor please give answer the general accounting question
A: Step 1: Define Gross Margin Gross margin is the amount derived after deducting cost of goods sold…
Q: tutor account expert please solve this. Short answer need
A: Step 1: Identify the Variable CostsUnder variable costing, only the variable manufacturing costs are…
Q: Can you answer this general accounting question?
A: Step 1: Define Profit MarginThe profit margin is the difference between the sales price per unit and…
Q: Give true answer this financial accounting question
A: Step 1: Define Balance SheetA balance sheet is a financial statement that is prepared at the end of…
Q: Please answer the photo attached note; i attached lesson that u can use as reference in answering
A: To calculate the external financing needed (EFN) for Donald Inc., we can follow these steps:Step 1:…
Q: Can you solve these accounting question?
A: Step 1: Define Cash FlowsThe cash flows of a firm during a given year can be categorized into cash…
Q: Please solve general accounting question
A: Step 1: Define OverheadsOverhead expenses refer to the extra amount spent during the manufacturing…
Q: Using lower of cost or market rule, what is the total valuation for each inventory item and the…
A: The lower of cost or market (LCM) rule is used to value inventory by comparing the cost when…
Q: I need answer
A: Explanation of Basic Rate:The basic rate refers to the cost at which goods or materials are recorded…
Q: i want to answer of this Question of Accounting Subject please solve it fast as posible
A: Step 1: Define Merchandise inventoryThe goods a business buys to resell to customers and generate…
Q: Need help with this question solution general accounting
A: Step 1: First, calculate the profitability index and then rank the projects According to the…
Q: Please provide this question solution accounting
A: Step 1: Define Absorption CostingAbsorption Costing is a costing method that includes the variable…
Q: Please provide this question solution general accounting
A: Given:FCFF0: $1.7 billionWACC (Weighted Average Cost of Capital): 11%Growth rate of FCFF (gFCFF):…
Q: Hello tutor please solve these general accounting question
A: Step 1: In the high-low method, the variable cost of electricity per occupancy day and fixed cost…
I want to correct answer general accounting
Step by step
Solved in 2 steps
- The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Compute the following ratios for Tootsie Roll for 2017. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) enter the asset turnover rounded to 4 decimal places times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) enter the return on assets in percentages rounded to 2 decimal places % (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) enter the profit margin on sales in percentages rounded to 3 decimal places %Question: The following information is provided for Sheridan Company and Concord Corporation: (in $ millions) Sheridan Company Concord Corporation Net income 2017 $170 $390 Net sales 2017 1,625 4,550 Total assets 12/31/15 1,005 2,280 Total assets 12/31/16 1,160 3,080 Total assets 12/31/17 1,160 4,000 What is Concord's return on assets (rounded) for 2017? a. 9.8% b. 12.7% c. 14.6% d. 11%The 2025 Annual Report of Marigold International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (b) June 29, 2025 (c) $1.552 1.091 2,733 150 June 27, 2024 $1.376 1.147 2.845 Compute the following ratios for Marigold International for 2025: 136 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)
- Get help with calculationUse the current asset section of the balance sheets of the Waverley Company as of June 30, 2017 and 2016 presented below to answer the questions that follow. 2017 2016Cash and cash equivalents R 75,000 R 58,800Trade accounts receivable, net 157,500 193,200Inventory 208,200 253,400Other current assets 18,400 15,500Total current assets R 459,100 R 520,900Total assets R2,650,000 R3,430,000Required:Complete a horizontal analysis of the current asset section of Waverley Company’s balance sheet for 2017. Your answers for “% Change” should be rounded to one decimal place, e.g.,…The 2017 annual report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 0000 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Instructions Compute the following ratios for Tootsie Roll for 2017. a. Asset turnover. b. Return on assets. c. Profit margin on sales. d. How can the asset turnover be used to compute the return on assets?
- Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $10,560 $64,188 $97,128 $11,280 Fiscal Year 2015 28,002 200,852 91,803 9,819 Fiscal Year 2014 8,502 55,782 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and 2015. c. Compute the fixed asset turnover ratio for fiscal years 2016 and 2015. Note: Do not round until your final answers. Round final answers to two decimal places. Ratio 2016 2015 a. Asset turnover 0.73 v 0.72 v b. Return on assets 8.53 x 7.65 x c. Fixed asset turnover 5.04 v 5.03 vAn analyst has compiled the following 2016 information about Steller Corp. (in millions). Income Statement Data: Net sales $600 COGS $300 SG&A expense $50 Interest expense $10 Income taxes $56 Net income $184 Balance Sheet Data: Beginning and ending total liabilities and equity = $1,125 and $1,275, respectively. Based on the above data, Steller's total asset turnover is: a. 0.50x. b. 0.47x. c. Cannot be determined. d. 0.53x.What is Sifton's asset turnover for 2015? On this accounting question
- The following information is provided for Cullumber Company and Bramble Corporation. (in $ millions) Cullumber Company Bramble Corporation Net income 2022 $125 $370 Net sales 2022 1310 4520 Total assets 12/31/20 1070 2040 Total assets 12/31/21 1055 3150 Total assets 12/31/22 1170 4100 What is Cullumber's asset turnover for 2022?Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financlal data (in millions) In its annual report: 2018 2019 Net Income $9,050 $7.500 Net Sales 52,350 37,200 Total Assets 58,734 68,128 If the company's total assets are $55,676 in 2017, calculate the company's: (a) return on assets (round answers to one decimal place - ex: 10.79%6) (b) asset turnover for 2018 and 2019 (round answers to two decimal places) 2018 2019 a. Return on Assets Ratio 96 96 b. Asset Turnover Ratio Check O Prevlous Save AnswersSagar