Managerial Accounting, Loose-leaf Version
14th Edition
ISBN: 9781337270717
Author: WARREN, Carl S.; Reeve, James M.; Duchac, Jonathan
Publisher: South-Western College Pub
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Question
Chapter 11, Problem 1E
To determine
Average
Average rate of return is a method that measures the average earnings of a particular business, as a percentage of the average investment. It is also known as accounting rate of return.
Calculation of Average rate of return:
The average rate of return for a 3D Printer and truck.
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Question 3Footfall Manufacturing Ltd. reports the following financialinformation at the end of the current year:
Net Sales
$100,000
Debtor's turnover ratio (based on net sales)
2
Inventory turnover ratio
1.25
fixed assets turnover ratio
0.8
Debt to assets ratio
0.6
Net profit margin
5%
gross profit margin
25%
return on investments
2%
Use the given information to fill out the templates for incomestatement and balance sheet given below:
Income Statement of Footfall Manufacturing Ltd. for the year endingDecember 31, 20XX(in $)
Sales
100,000
Cost of goods sold
gross profit
other expenses
earnings before tax
tax @ 50%
Earnings after tax
Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX(in $)
Liabilities
Amount
Assets
Amount
Equity
Net fixed assets
long term debt
50,000
Inventory
short term debt
debtors
cash
Total
Total
i need correct answer of this general accounting question
Stockholders' equity increased
Chapter 11 Solutions
Managerial Accounting, Loose-leaf Version
Ch. 11 - What are the principal objections to the use of...Ch. 11 - Discuss the principal limitations of the cash...Ch. 11 - Prob. 3DQCh. 11 - Your boss has suggested that a one-year payback...Ch. 11 - Prob. 5DQCh. 11 - Prob. 6DQCh. 11 - A net present value analysis used to evaluate a...Ch. 11 - Two projects have an identical net present value...Ch. 11 - Prob. 9DQCh. 11 - What are the major disadvantages of the use of the...
Ch. 11 - Prob. 11DQCh. 11 - Prob. 12DQCh. 11 - Prob. 1BECh. 11 - Prob. 2BECh. 11 - Prob. 3BECh. 11 - Prob. 4BECh. 11 - Prob. 5BECh. 11 - Prob. 1ECh. 11 - Prob. 2ECh. 11 - Prob. 3ECh. 11 - Prob. 4ECh. 11 - Prob. 5ECh. 11 - Cash payback method Lily Products Company is...Ch. 11 - Prob. 7ECh. 11 - Prob. 8ECh. 11 - Prob. 9ECh. 11 - Prob. 10ECh. 11 - Prob. 11ECh. 11 - Prob. 12ECh. 11 - Prob. 13ECh. 11 - Prob. 14ECh. 11 - Prob. 15ECh. 11 - Prob. 16ECh. 11 - Prob. 17ECh. 11 - Prob. 18ECh. 11 - Prob. 19ECh. 11 - Prob. 20ECh. 11 - Net present value-unequal lives Bunker Hill Mining...Ch. 11 - Prob. 22ECh. 11 - Average rate of return method, net present value...Ch. 11 - Prob. 2PACh. 11 - Net present value method, present value index, and...Ch. 11 - Net present value method, internal rate of return...Ch. 11 - Prob. 5PACh. 11 - Prob. 6PACh. 11 - Prob. 1PBCh. 11 - Prob. 2PBCh. 11 - Net present value method, present value index, and...Ch. 11 - Prob. 4PBCh. 11 - Prob. 5PBCh. 11 - Prob. 6PBCh. 11 - Prob. 1ADMCh. 11 - Prob. 2ADMCh. 11 - Prob. 3ADMCh. 11 - Ethics in Action Danielle Hastings was recently...
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