What is the capital turnover for the Rodney Division? The records of the Rodney Divisionshowed the following for last year:Sales Revenue $ 2,580,000Accounts Receivable 695,000Operating Assets 1,720,000Operating Income 954,000.Taxable Income 662,000What is the capital turnover for the RodneyDivision?

Explanation of Sales Revenue: Sales revenue represents the total amount of money generated from…

Answered: The records of the Rodney Division…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.3.1MBA

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During the current year, Sokowski Manufacturing earned income of $459,332 from total sales of $6,906,995 and average capital assets of $11,489,420. What is the asset turnover? Round to the nearest to the hundredth, two decimal places and submit the answer in a percentage.
s
The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year) Net Fixed assets (end of year) Net sales for the year Net income for the year Required: Compute the company's fixed asset turnover ratio for the year. Numerator Denominator Fixed Asset Turnover Ratio 11 $ 8,490,000 8,290,000 4,111,100 1,930,000 "1
Subject: acounting
Current assets of NorthPole.com at the end of each quarter were: 1st quarter $1.3 million, 2nd quarter $1.7 million, 3rd quarter $1.5 million and 4th quarter $2.2 million. The best estimate for North Pole's permanent current assets is: Seleccione una: Oa. $2.2 million. Ob. $1.675 million. Oc. $1.3 million. Od. $0.9 million.
To calculate the change in Net Working Capital (NWC) during FY24, we first need to find the NWC for both FY23 and FY24 using the formula: NWC=Current Assets−Current Liabilities Step 1: Calculate NWC for FY23 Current Assets (FY23): Cash: 211,000,000 Accounts Receivable: 508,000,000 Inventory: 41,000,000 Total Current Assets (FY23): 760,000,000 Current Liabilities (FY23): Accounts Payable: 622,000,000 Notes Payable: 377,000,000 Total Current Liabilities (FY23): 999,000,000 NWC (FY23)=760,000,000−999,000,000=−239,000,000 Step 2: Calculate NWC for FY24 Current Assets (FY24): Cash: 329,800,000 Accounts Receivable: 626,800,000 Inventory: 100,400,000 Total Current Assets (FY24): 1,057,000,000 Current Liabilities (FY24): Accounts Payable: 531,000,000 Notes Payable: 442,000,000 Total Current Liabilities (FY24): 973,000,000NWC (FY24)=1,057,000,000−973,000,000=84,000,000 Step 3: Calculate the Change in NWC during FY24 Change in NWC=NWC (FY24)−NWC…
Following is information from Skyway Inc. for the year (in thousands). Total annual revenue $3,206,980 Total revenue growth rate 5.0% Terminal revenue growth rate 2% Net operating profit margin (NOPM) 8.2% Net operating asset turnover (NOAT) 3.42 Projected total revenue for the following year would be: Select one: a. $3,469,952 b. None of these are correct c. $3,316,659 d. $3,271,120 e. $3,367,329
Selected data from an investment center of IROL Inc. follow:Sales $8,000,000Net book value of assets, beginning 2,500,000Net book value of assets, ending 2,600,000Net operating income 640,000Minimum rate of return 12%Required1. Calculate return on sales (ROS), asset turnover (AT), and return on investment (ROI).2. Calculate residual income (RI).
Lousiville Inc. reported the following financial data for one of its divisions for the year; average invested assets of $490,000; sales of $990,000; and income of $113,000. The investment turnover is: Multiple Choice 2.02. 21.30. 433.60. 49.50. 11.40.
Given the following data:
My Pleasure (MP) had total invested assets of $400,000 for the year. Using those assets, they generated $950,000 of sales, and $275,000 of operating income. What was MP’s investment turnover for the period? My Pleasure (MP) had total invested assets of $400,000 for the year. Using those assets, they generated $950,000 of sales, and $275,000 of operating income. What was MP’s investment turnover for the period? $68.75 3.45% 28.95% $2.38
Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,118,000 in invested assets, sales of $1,204,000, income from operations amounting to $232,000, and a desired minimum return of 13%. Round your answer to two decimal places. The investment turnover for Mason Corporation is Oa. 0.86 Ob. 1.62 Oc. 1.08 Od. 1.29 Previous Next 7:34 PM CP 12/13/2020 DELL

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The records of the Rodney Division showed the following for last year: Sales Revenue $ 2,580,000 Accounts Receivable 695,000 Operating Assets 1,720,000 Operating Income 954,000. Taxable Income 662,000 What is the capital turnover for the Rodney Division?