What is the division’s asset turnover ratio

Assignment Help Financial Accounting

Reference no: EM131216075

Assume the Outflow Division of Kipper Faucets had the following results last year: Net sales $5,150,000 Operating income $2,060,000 Return on investment 20% Management’s target rate of return 16% 7. What is the division’s profit margin ratio? A. 250% B. 80% C. 40% D. 20% (answer) 8. What is the division’s asset turnover ratio? A. 0.20 (answer) B. 0.50 C. 1.25 D. 2.00 9. What is the division’s residual income? A. $ 3,090,000 B. $ 1,648,000 C. $ 412,000 D. $ 82,400

Reference no: EM131216075

Questions Cloud

Analyze the frequency domain of this signal : Cut out from a longer speech signal a short segment, for example, of 0.07s in length and limit the bandwidth of this segment on account of the sampling principle. Analyze the frequency domain of this signal with different sampling rates and block ..

Describe the community including size and demographics : Describe the community including size, demographics, geographical location, business community, unique aspects etc. Briefly discuss the organization's finances, annual goals, objectives and outcomes.

Cause effect essay on impact of social media on advertising : Write cause-effect essay on "the impact of social media on advertising".- The essay should have an engaging introductory paragraph.

Explain the selection of the window function you prefer : You wish to analyze spectrally a long-lasting (bandwidth limited) audio signal without any loss of information via a Frequency-time landscape.

What is the division’s asset turnover ratio : Assume the Outflow Division of Kipper Faucets had the following results last year: Net sales $5,150,000 Operating income $2,060,000 Return on investment 20% Management’s target rate of return 16% 7. What is the division’s profit margin ratio? A. 250%..

Payback period and the internal rate of return for project : Faster Manufacturing Company is evaluating a capital project that requires an initial investment of $283,000. Managers estimate that for the next 12 years, the project will result in a $200,000 increase in annual cash inflows and a $150,000 increase ..

Why are there no high-quality analog filters : Which components in an analog filter determine its frequency-dependent behaviour and how can this be described?

Summary and analysis of the key points in the article : Search the CSU Online Library and locate an article related to hazard identification and control. The Business Source Complete, Academic Search Complete, and Academic OneFile databases are good places to start your search. Try using a variety of s..

Considering investing in warehouse-management software : Suppose Francine Dunkelberg’s Sweets is considering investing in warehouse-management software that costs $550,000, has $75,000 residual value, and should lead to cost savings of $130,000 per year for its five-year life. What is the accounting rate o..

User Account

All Pages