I want to this question answer of this general Accounting question XYZ Electronics is a division of Global Tech Corporation. The following financial data ispresented for the past three years:Financial Data (in thousands) 2022 2023 2024Sales$7,500 $8,200 $9,600||Net Operating Income$850 $920 $1,150||Operating Assets (year-end)$2,000 $2,400 $2,800||Using the 2024 data and average operating assets between 2023 and 2024, the division's turnoverratio is closest to:A) 3.69B) 3.43C) 4.00D) 2.89

Step 1:First calculate the average operating assets for the year 2024: Average operating assets =…

Answered: XYZ Electronics is a division of Global…

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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Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%
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