Total assets balance? Use the following data:Net salesAsset turnover$3,385,000Beginning total assets $915,0004What is the ending total asset balance?

Step 1: Calculation of Average Total AssetsStep 2: Calculation of ending total assets

Answered: Use the following data: Net sales Asset…

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3MC: Calculate the projected inventory turnover, days sales outstanding (DSO), fixed assets turnover, and...

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Need help with this question solution general accounting
Calculate the projected inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets turnover. How does Computron’s utilization of assets stack up against that of other firms in its industry?
I want to correct answer general accounting
The total asset turnover is calculated using which of the following formulas? Multiple Choice Cost of goods sold - Average total assets Sales - Average total assets Average total assets - Sales 365 - (Average total assets÷ Sales)
The following summarized balance sheet is a display of what kind of analysis? Amount Percent Revenue 1,000,000 100% Cost of goods sold 550,000 55% Gross Profit 450,000 45% Horizontal Analysis Marginal analysis Common Size Analysis Ratio Analysis
ITR?
Given the following: Current Assets $ 18,000 Accounts Receivable $ 3,000 Current Liabilities $ 16,000 Inventory $ 2,000 Net Sales $ 41,000 Total Assets $ 29,000 Net Income $ 6,000 Find the following (round to the nearest hundredth if needed): Current Ratio? Acid test quick ratio? Average days collection ? Asset turover ? Profit Margin on net sales?
a. Current ratiob. Inventory Turnover ratioc. Accounts receivable ratiod. Fixed asset turnover ratioe. Net profit marginf. Return of assets (ROA)g. Return of equity (ROE)
Please help me with show all calculation thanku
Complete the balance sheet and sales information using the following financial data:Total assets turnover: 1.1×Days sales outstanding: 73.0 daysaInventory turnover ratio: 4×Fixed assets turnover: 2.5×Current ratio: 2.0×Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20%aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $ Current liabilities $ Accounts receivable Long-term debt 54,000 Inventories Common stock Fixed assets Retained earnings 108,000 Total assets $360,000 Total liabilities and equity $ Sales $ Cost of goods sold $
16. Quick assets P208,000 Acid test ratio 2.6 to 1 Current ratio 3.5 to 1 Net sales for the year P1,800,000 Cost of sales for the year P990,000 Average total assets P1,200,000 The company’s inventory balances at December 31 is? The company’s asset turnover ratio for the year is?
Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratio

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Use the following data: Net sales Asset turnover $3,385,000 Beginning total assets $915,000 4 What is the ending total asset balance?