The assets turnover ratio of the company Organic market which has net sales of $ 650 , 000 , total assets of $ 2 , 450 , 000 .

Question

1: Neil Mitchell earns $11/hour. During the most recent week, he received a discretionary bonus of $7,200 and worked 43 hours. Gross Pay: $ 7,689.50 2: Francine Palmer earns $7.90/hour. During the most recent week, she received a nondiscretionary bonus of $2,450 and worked 45 hours. Gross Pay: $ 2,825.25 3: Martin Green earns $11.10/hour. During the most recent week, he received a nondiscretionary bonus of $1,360 and worked 51 hours. Gross Pay: $ 1,987.15 4: Melvin Waxman earns $17.60/hour. During the most recent week, he received a nondiscretionary bonus of $440 and worked 56 hours. Gross Pay: $ 1,425.60

Answer 1

Question

Chapter 15.III, Problem 19RE

To determine

To calculate: The assets turnover ratio of the company Organic market which has net sales of $650,000, total assets of $2,450,000.

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1: Neil Mitchell earns $11/hour. During the most recent week, he received a discretionary bonus of $7,200 and worked 43 hours. Gross Pay: $ 7,689.50 2: Francine Palmer earns $7.90/hour. During the most recent week, she received a nondiscretionary bonus of $2,450 and worked 45 hours. Gross Pay: $ 2,825.25 3: Martin Green earns $11.10/hour. During the most recent week, he received a nondiscretionary bonus of $1,360 and worked 51 hours. Gross Pay: $ 1,987.15 4: Melvin Waxman earns $17.60/hour. During the most recent week, he received a nondiscretionary bonus of $440 and worked 56 hours. Gross Pay: $ 1,425.60

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