Zephra Inc. reported sales of $75,600 last year and had total assets of $29,000. What was its Total Assets Turnover Ratio (TATO)?
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- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.Naroto Corp.'s sales last year were $67,950, and its total assets were $31,400. What was its total assets turnover ratio (TATO)? Answer this financial accounting problem.Naruto Corp.s sales last year were $67,950, and its total assets were $31,400. What was its total assets turnover ratio (TATO)? Please answer this financial accounting problem.
- BOB Corp.'s sales last year were $98,000, and its total assets were $37,000. What was its total assets turnover ratio (TATO)? a. 2.12 b. 1.32 c. 2.37 d. 3.82 e. 2.65At the end of the year, Universal Utilities (UU) had $1.5 million in total assets. Its total assets turnover was 1.4, and its return on assets (ROA) was 7.14 percent. What were UU's sales revenues and net profit margin?What was it's total assets turnover ratio on these general accounting question?
- What are the annual sales for a firm with $805,853 in total liabilities, a total debt ratio of 0.84, and an asset turnover of 1.5? Numeric ResponseRyngard Corp's sales last year were $42,000, and its total assets were $15,000. What was its total assets turnover ratio? Question 8 options: 2.8 2.36 2.31 2.63What are the annual sales for a firm with $116,044 in total liabilities, a total debt ratio of 0.48, and an asset turnover of 4.75?