Calculate the return on assets ratio.

Question

Viola Enterprises purchased an item for inventory that cost $25 per unit and was priced to sell at $40. It was determined that the replacement cost is $22 per unit. Using the lower-of-cost-or-market value, what amount should be reported on the balance sheet for inventory?

Answer 1

Question

Chapter 9, Problem 17E

(a) (1)

To determine

Calculate the return on assets ratio.

(a) (2)

To determine

Calculate the asset turnover ratio.

(a) (3)

To determine

Calculate the profit margin ratio.

(b)

To determine

Prove mathematical relationship between return on assets, profit margin and asset turnover ratio.

(c)

To determine

Explain the effect of diversity activities on the ability of interpreting the ratios calculated in (a).

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Viola Enterprises purchased an item for inventory that cost $25 per unit and was priced to sell at $40. It was determined that the replacement cost is $22 per unit. Using the lower-of-cost-or-market value, what amount should be reported on the balance sheet for inventory?

David Corp. manufactures 2 products, drills and wrenches. The company has estimated its overhead in the assembly department to be $200,000. The company produces 500,000 drills and 400,000 wrenches each year. Each drill uses 4 parts, and each wrench uses 5 parts. How much of the assembly overhead should be allocated to drills?

Correct answer please general account

Answer 2

Question

Chapter 9, Problem 17E

(a) (1)

To determine

Calculate the return on assets ratio.

(a) (2)

To determine

Calculate the asset turnover ratio.

(a) (3)

To determine

Calculate the profit margin ratio.

(b)

To determine

Prove mathematical relationship between return on assets, profit margin and asset turnover ratio.

(c)

To determine

Explain the effect of diversity activities on the ability of interpreting the ratios calculated in (a).

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Answer 3

Question

Chapter 9, Problem 17E

(a) (1)

To determine

Calculate the return on assets ratio.

(a) (2)

To determine

Calculate the asset turnover ratio.

(a) (3)

To determine

Calculate the profit margin ratio.

(b)

To determine

Prove mathematical relationship between return on assets, profit margin and asset turnover ratio.

(c)

To determine

Explain the effect of diversity activities on the ability of interpreting the ratios calculated in (a).

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Answer 4

Question

Chapter 9, Problem 17E

(a) (1)

To determine

Calculate the return on assets ratio.

(a) (2)

To determine

Calculate the asset turnover ratio.

(a) (3)

To determine

Calculate the profit margin ratio.

(b)

To determine

Prove mathematical relationship between return on assets, profit margin and asset turnover ratio.

(c)

To determine

Explain the effect of diversity activities on the ability of interpreting the ratios calculated in (a).

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Answer 5

Chapter 9, Problem 17E

(a) (1)

To determine

Calculate the return on assets ratio.

(a) (2)

To determine

Calculate the asset turnover ratio.

(a) (3)

To determine

Calculate the profit margin ratio.

(b)

To determine

Prove mathematical relationship between return on assets, profit margin and asset turnover ratio.

(c)

To determine

Explain the effect of diversity activities on the ability of interpreting the ratios calculated in (a).

Answer 6

Chapter 9, Problem 17E

(a) (1)

To determine

Calculate the return on assets ratio.

Answer 7

Chapter 9, Problem 17E

(a) (1)

To determine

Calculate the return on assets ratio.

Answer 8

(a) (2)

To determine

Calculate the asset turnover ratio.

Answer 9

(a) (2)

To determine

Calculate the asset turnover ratio.

Answer 10

(a) (3)

To determine

Calculate the profit margin ratio.

Answer 11

(a) (3)

To determine

Calculate the profit margin ratio.

Answer 12

(b)

To determine

Prove mathematical relationship between return on assets, profit margin and asset turnover ratio.

Answer 13

(b)

To determine

Prove mathematical relationship between return on assets, profit margin and asset turnover ratio.

Answer 14

(c)

To determine

Explain the effect of diversity activities on the ability of interpreting the ratios calculated in (a).

Answer 15

(c)

To determine

Explain the effect of diversity activities on the ability of interpreting the ratios calculated in (a).

Answer 16

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Ch. 9 - Prob. 1Q Ch. 9 - Prob. 2Q Ch. 9 - Prob. 3Q Ch. 9 - Prob. 4Q Ch. 9 - Prob. 5Q Ch. 9 - Prob. 6Q Ch. 9 - Prob. 7Q Ch. 9 - Prob. 8Q Ch. 9 - Prob. 9Q Ch. 9 - Prob. 10Q

Calculate the return on assets ratio.

Calculate the return on assets ratio.

Calculate the asset turnover ratio.

Calculate the profit margin ratio.

Prove mathematical relationship between return on assets, profit margin and asset turnover ratio.

Explain the effect of diversity activities on the ability of interpreting the ratios calculated in (a).

Chapter 9 Solutions