Vanguard Innovations Inc. has total receivables of $5,400, which represents 30 days' sales. Total assets are $90,000. The firm's operating profit margin is 8.0%. Find the firm's asset turnover ratio and ROA.
Q: Step by step answer
A: Explanation of FIFO MethodThe FIFO (First-In, First-Out) method is an inventory valuation approach…
Q: Financial Accounting
A: Step 1: Information givenSales = $3,740,000Cost of goods sold = $2,245,600Selling and administration…
Q: I need this question answer general accounting
A: Step 1: Given Value for Calculation Future Value = fv = $150,000Time = t = 10Interest Rate = r = 12%…
Q: I want to correct answer general accounting questions
A: Step 1: Define Lower-of-cost-or-marketIn applying or implementing the conservatism accounting…
Q: Need cost account solution
A: Cost of Merchandise SoldThe Cost of Merchandise Sold (CMS) refers to the total cost of inventory…
Q: A manufacturer reports the following information on rits product. Solve this question general…
A: Step 1: Define Absorption CostingIn managerial accounting, the product cost can be estimated using…
Q: Financial Accounting
A: Long-term debt (2014): $8.2 millionLong-term debt (2015): $8.5 millionInterest expense (2015):…
Q: A firm, which sells widgets, has annual fixed costs of $16,000,000. Each widget sells for $13 and…
A: Step 1: Given Value for Calculation Fixed Cost = fc = $16,000,000Selling Price per Widget = sw =…
Q: Need help with this financial accounting question not use ai please don't
A: Step 1: Define Dividend YieldThe dividend yield is a financial ratio that compares the amount of…
Q: Provide correct answer general accounting
A: Step 1: Define Absorption costingAn absorption costing approach includes collecting and distributing…
Q: Don't use ai given answer accounting questions
A: Given Data:Net Income: $45,000Sales Revenue: $300,000The Net Profit Margin Ratio is calculated using…
Q: Martinez Company's ending inventory includes the following items: Per Unit Product Units Cost Market…
A: Step 1: Compare Unit Cost and Market ValueFor each product, select the lower value between the unit…
Q: Hello teacher please help me with accounting questions
A: Straight-Line DepreciationStraight-line depreciation is a method of allocating the cost of an asset…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Net IncomeNet income is known as the bottom line and is the last line on the income…
Q: Subject Financial Accounting: [10 Marks] Glavine Company issues 7,500 shares of its $7 par value…
A: Explanation of Proceeds AllocationProceeds allocation refers to the method of distributing the lump…
Q: get general account answer
A: To calculate the equivalent units of production (EUP) for direct materials and conversion costs in…
Q: What is the required rate of return on Clover's stock on these financial accounting question?
A: As per CAPM- Company A required return = Risk-free rate + Beta*Market Risk Premium13% =…
Q: Answer? ? General Accounting question
A: Step 1: Define Importance of margins in futures tradingFutures contracts are traded in exchanges,…
Q: General Account Questions
A: Step 1: Treatment of each itemGross income is taxable after deduction is allowed for business…
Q: General accounting question
A: Step 1: Definition of High-Low MethodHigh-Low Method: The high-low method is used to estimate the…
Q: Calculate the average unit cost.
A: To calculate the average unit cost, we use the weighted average cost method, which combines the cost…
Q: Hi teacher please help me this question general accounting
A: Approach to solving the question: Step 1: Determine the proceed from the sales, in the scenario…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Total Quality Control Cost Per UnitThe total quality control cost per unit…
Q: How should a consignee record goods hold on consignment? A. The goods should be included in the…
A: Understanding ConsignmentDefinition:Consignment is an arrangement where the consignor (the owner of…
Q: 5 PTS
A: Concept of Direct MaterialsDirect materials are the raw materials that can be directly identified…
Q: Determine the missing amount: Assets == Liabilities + Owner's Equity. $895000 + $354000 =
A: Explanation of Assets: Assets are economic resources owned by a business that are expected to…
Q: Suppose that you purchased 300 share of solve this question general Accounting
A: The question requires the determination of the capital gains yield. A capital gains yield is the…
Q: What are the firm's ROE and ROIC on these financial accounting question?
A: Step 1: Define Return on EquityA company's profitability is determined by its return on equity…
Q: Financial Accounting
A: Step 1: Define Ratio AnalysisIn management accounting, ratio analysis helps in making informed…
Q: Hi teacher please help me this question
A: Step 1: Define Overhead CostThe expenses involved in maintaining the company are called overhead.…
Q: Calculate your taxable income for this year.
A: Calculation of Taxable Income for the 3rd yearTaxable Income for the 3rd year = Gross Income for 3rd…
Q: Determine the amount of Bolton Company inventory from the information below. Michael Bolton Company…
A: Bolton Company Inventory Valuation Using Lower-of-Cost-or-Market (LCM)Bolton Company evaluates its…
Q: Accounting 12
A: Explanation of Gross Profit:Gross profit is the difference between a company's total sales revenue…
Q: Veer Trucking raised $280 million in new debt and used this to buy back stock. After the recap,…
A: Concept of Debt Financing: Debt financing refers to the process of raising capital by borrowing…
Q: What is the depreciation expense for 2023
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Compute the equivalent units of production for October, assuming that the company uses the…
A: Equivalent Units of Production (EUP) CalculationUsing the weighted-average method, the equivalent…
Q: Calculate the days sales in receivables?
A: Step 1: Define The Days' Sales In Receivables.The days' sales in accounts receivable ratio (also…
Q: A process with no beginning work in process, completed and transferred out 15,000 units during a…
A: Concept of Equivalent Units of Production: This refers to the number of completed units that could…
Q: Hii expert please given correct answer general accounting question
A: Step 1: Define Variable CostVariable cost is the cost that changes with the change in the production…
Q: Do fast answer of this general accounting question
A: In this scenario, we are analyzing the brewery's budgeted costs to identify fixed and variable…
Q: Need help with this accounting question please answer do fast
A: To calculate the present value (PV) of the bond, we combine the present value of the coupon payments…
Q: Expert of general account answer it fast
A: 1. Problem OverviewTo calculate the ending inventory, we use the following formula:…
Q: General Accounting
A: Step 1: Start with the COGS formulaStep 2: Rearrange the formula to solve for ending inventoryStep…
Q: Manufacturing overhead would not include which of the following costs? a. raw materials b.…
A: Concept of Manufacturing Overhead: Manufacturing overhead includes all indirect costs associated…
Q: Do fast answer of this accounting questions
A: Step 1: Define Loan paymentsWhen the payments are paid monthly, the annual interest rate is divided…
Q: ??
A: Concept of Direct Labor CostDirect labor cost refers to the wages paid to workers who are directly…
Q: What is the department's conversion cost per equivalent unit for this month?
A: Step 1: Calculate Total Conversion CostsStep 2: Compute Units CompletedStep 3: Calculate Equivalent…
Q: The following data refer to the Froning Company's ending inventory: Item Code Quantity Unit Cost…
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method which…
Q: What is Evergreen's total stockholder's equity on these general accounting question?
A: Follow the basic accounting equation.Assets = Liabilities + EquityCurrent assets + Fixed assets =…
Q: Need help with this general accounting question
A: Step 1: Define Return on AssetsThe ratio of the net income or the net operating income relative to…
Please provide answer the accounting question
Step by step
Solved in 2 steps
- QUESTION: TORRID PUBLISHERS ROMANCE HAS TOTAL RECEIVABLES OF $4,700.00, WHICH REPRESENTS 22.00 DAYS' SALES. TOTAL ASSETS ARE $23,558.09. THE FIRM'S OPERATING PROFIT MARGIN IS 9.06%. FIND THE FIRM'S ASSET TURNOVER RATIO AND ROA.General accountingKeller Cosmetics maintains an operating profit margin of 5.0% and asset turnover ratio of 3.0. What is its ROA? (Round your answer to 2 decimal places.)
- Doverly Co. has total assets of $9,200,000 and a total asset turnover of 2.10 times. Assume the return on assets is 10.5%. What is the profit margin? Right AnswerCrafty 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 .111Doverly Co. has total assets of $9,200,000 and a total asset turnover of 2.10 times. Assume the return on assets is 10.5%. What is the profit margin?