What was the total asset turnover

Reference no: EM13294167

Kaleb's Karate Supply had a profit margin of 12 percent, sales of $23.8 million, and total assets of $8.8 million.

Requirement 1:

What was the total asset turnover? (Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 2:

If management set a goal of increasing total asset turnover to 2.75 times, what would the new sales figure need to be, assuming no increase in total assets? (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)

Reference no: EM13294167

Questions Cloud

What was the net loss in dollars : In dollars, sales were $698,266. What was the net loss in dollars? (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places (e.g., 32.16).)

What was the times interest earned ratio : Assuming a 35 percent income tax rate, what was the times interest earned ratio? (Round your answer to 2 decimal places (e.g., 32.16).)

The bigger picture metrics that ceos : The CEO heard about your lunchtime discussion with the supervisors and managers when metrics were discussed. He would like you to help him prepare a PowerPoint presentation that he could use at the next board of directors meeting to link the d..

Compute the of each of the ph solutions : Solve an equilibrium problem (using an ICE table) to calculate the of each of the pH following solutions.

What was the total asset turnover : What was the total asset turnover? (Round your answer to 2 decimal places (e.g., 32.16).)

Design a polarity protector for a citizens band radio : Design a polarity protector for a citizens band (CB) radio that connects to the electrical system for an automobile through a"cigarette lighter" plug. Your circuit should protect the radioshould its power supply leads be connected backwards.

What is the internal growth rate : What is the internal growth rate? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16). )

Indicate whether overflow occurs during complement operation : Assume the numbers are 2s complemented signed numbers. Use extension to equalize the length of the operands. Indicate whether overflow occurs during the complement operations for any of the given subtrahends.

What was the addition to nwc : Sheffield Co. shows the following information on its 2010 income statement: sales = $153,000; costs = $81,900; other expenses = $5,200; depreciation expense = $10,900; interest expense = $8,400.

User Account

All Pages