User Account

All Pages

Determine what is the asset turnover ratio

Assignment Help Accounting Basics
Reference no: EM132473336

Company ABC has the below information:

Net revenues:                                      $10,000,000

Cost of Goods Sold:                                 $7,000,000

SG&A and Other expenses:                        $2,500,000

Operating income:                                      $500,000

Net income:                                              $300,000

Total Assets:                                          $4,000,000

Total liabilities:                                         $1,300,000

Total equity:                                             $2,900,000

Question a) What is the Return on Assets?

Question b) What is the return on equity?

Question c) What is the asset turnover ratio?

Question d) what is the gross margin %?

Reference no: EM132473336

Questions Cloud

Write down pierre budget constraint : The government in this economy taxes labour income only and uses the proceeds to buy consumption goods that are given to the army.
Calculate incremental gain of accepting the customer order : Calculate the incremental gain/(loss) of accepting the customer's order if HTC has excess capacity. Comment on whether HTC should accept
What is the highest return you can expect : What is the highest return you can expect on the $10 million?
What will be the amount of Carrie casualty loss : Carrie eventually got her house repaired at a cost of $45,000. What will be the amount of Carrie's casualty loss for the year of the accident
Determine what is the asset turnover ratio : Determine What is the asset turnover ratio? What is the return on equity? What is the Return on Assets? what is the gross margin %?
Create workpaper entries necessary to eliminate the effects : Perkins Company, Determine and Prepare the workpaper entries necessary to eliminate the effects of the intercompany sales for 2014 and 2015.
What does it mean for individuals to have unlimited wants : What does it mean for individuals to have unlimited wants? Why can't individuals have everything they want?
Draw the production possibilities frontiers for countries : a. Draw the production possibilities frontiers for both countries (coffee in the horizontal axis)
How do compute depreciation expense : How do Assume that Concord uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet.?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Jones inc purchased equipment of july 1 2005 for 28000 the

journalize adjusting entries for jones inc for the month ending july 31 2005.remember to list the debit entries first

  Improve internal controls over the assets that you own?

improve internal controls over the assets that you own?

  Discuss what amount should ray include in his gross income

What amount should Ray include in his gross income from receiving the life insurance proceeds

  Burger palace corporation reports a net cash used for

burger palace corporation reports a net cash used for investing activities of 3.4 million and a net cash provided by

  What are the two primary ways for a company to finance its

what are the two primary ways for a company to finance its business? which would you choose if you were forming a

  Prepare a multiple-step income statement for 2013 applying

extraordinary gainnet incomethe following incorrect income statement was prepared by the accountant of the axel

  Whitefish company budgets its cash two months at a time

whitefish company budgets its cash two months at a time. budgeted cash disbursements for march and april respectively

  Compute a materials price variance for the plates purchased

john fleming chief administrator for valley view hospital is concerned about the costs for tests in the hospitals lab.

  Discuss a year policy debiting prepaid insurance

The insurance policy covers 12 month beginning Nov 1st. what will it do to assets, liabilities, equity, and income. Increase, decrease or remain unchanged

  Joseph max inc sold 10-year 7 percent bonds for 1000000 at

joseph max inc. sold 10-year 7 percent bonds for 1000000 at 98. on the interest payment date at the end of the 5th year

  Dubois inc has 600000 to invest the company is trying to

dubois inc. has 600000 to invest. the company is trying to decide between two alternative uses of the funds. one

  Describe substantive test

Describe substantive test of detail that will substantiate whether each of the potential misstatements noted above will occur

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd