Solution-Calculate the firms turnover and average total

Calculate the firms turnover and average total assets

Assignment Help Accounting Basics

Reference no: EM13911852

a. Firm D has net income of $66,640, sales of $2,380,000, and average total assets of $680,000. Calculate the firm's margin, turnover, and ROI.

b. Firm E has net income of $300,000, sales of $5,000,000, and ROI of 12%.

Calculate the firm's turnover and average total assets.

c. Firm F has ROI of 17.4%, average total assets of $2,700,000, and turnover of 1.2. Calculate the firm's sales, margin, and net income. Round your answers to the nearest whole numbers.

Reference no: EM13911852

Questions Cloud

Prepare an unadjusted trial balance and worksheet : Matthews delivery service completed the following transaction during December 2014. Prepare an unadjusted trial balance as of December 31,2014. Prepare a worksheet as of December 31,2014. Journalize the adjusting entries using the following adjustmen..

Importance of financial account to economic indicators : Propose the similarities and differences of current account and financial account in the balance of payments structure. In doing so, apply your analysis to explain the trade balance between U.S, and China.

What proportion of us residents who believed that amount : What proportion of the U.S. residents who believed that the amount of violent programming had increased believed that the overall quality of programming had decreased?

Calculate the amount of return you would earn : You have accumulated $12,000 and are looking for the best rate of return that can be earned over the next year. A bank savings account will pay 5%. A one-year bank certificate of deposit will pay 8%, but the minimum investment is $15,000.

Calculate the firms turnover and average total assets : Firm D has net income of $66,640, sales of $2,380,000, and average total assets of $680,000. Calculate the firm's margin, turnover, and ROI.

What amount should be reported as the bad debt expense : On December 31, 2013, Hanks Company's accounts receivable balance was of $300,000, and an analysis of their accounts receivable suggests that the Allowance for Doubtful Accounts should be 2% of accounts receivable. The balance in the Allowance for Do..

Does the advertisement seem to have been effective : What proportion of the individuals surveyed who recalled seeing the advertisement had purchased Fresh? Based on your answer to part a, does the advertisement seem to have been effective? Explain.

What contemporary factors contribute to internationalization : What contemporary factors are contributing to the internationalization of the subject of Finance and What contemporary factors are contributing to the internationalization of the subject of Finance?

What is the probability that a directly exposed : According to the Annual death rate from malignant neoplasms table, what is the probability that a directly exposed hibakusha (Person-years 1968-1972) living within 2 kilometers of Hiroshima would die: All hibakusha and Non-hibakusha

User Account

All Pages

Calculate the firms turnover and average total assets

Reference no: EM13911852

Reference no: EM13911852

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT