Fixed assets turnover ratio

Reference no: EM13766292

As of December 31, 20XX, Michael Corp's fixed assets before depreciation were $14,000,000. Its sales for the year were $32,000,000. Its EBIT for 20XX was $1,500,000, and its accumulated depreciation on fixed assets was $4,000,000. What was its fixed assets turnover ratio?

Reference no: EM13766292

Questions Cloud

Compare and contrast utilitarianism kant and aristotle : Explain the dilemma, and compare and contrast Utilitarianism, Kant, and Aristotle on which option should be chosen, and why.

Assignment on bid strategy : Review the action plan from the first assignment and create a future plan that is consistent with federal procurement opportunity's mission or strategic plan.

What strengths currently exist in the united states : What types of strategies can be used for critical infrastructure protection (CIP)? What strengths currently exist in the United States with regard to CIP? Explain

Entity process and code quality : Define a measure that can be used to judge a code's quality. Name one situation you could use this measure

Fixed assets turnover ratio : As of December 31, 20XX, Michael Corp's fixed assets before depreciation were $14,000,000. Its sales for the year were $32,000,000. Its EBIT for 20XX was $1,500,000, and its accumulated depreciation on fixed assets was $4,000,000. What was its fi..

What factors could prevent your policy objective : Explain what factors could prevent your policy objective(s) from being achieved. Explain what factors you feel could contribute to your policy meeting its objective(s)

Describe the alignment of the business : What is marketing and Why is important? Review the Readings. Consider how marketing strategies and orientation might contribute to or reduce an organisation's profitability.

What is the basic output of any job analysis : Job Analysis can Focus on the Tasks and Behaviors Needed to Produce an Output or Service or on the Knowledge and Skills(that is, Ability) believed Necessary to CarryOut Job Tasks and Behaviors. Therefore, We can use a Task-Oriented Approach or a P..

Do you think drugs in the united states have won : Quote by Nicholas D. Kristoff p. 261,"This year (2009) marks the 40th anniversary of President Richard Nixon's start of the war on drugs, and it now appears that drugs have won. Do you think Drugs in the United States have won? Why? Why not

User Account

All Pages