Elizabeth Tailors Inc. has assets of $8,940,000 and turns over its assets 1.9 times per year. Return
Question:
Elizabeth Tailors Inc. has assets of $8,940,000 and turns over its assets 1.9 times per year. Return on assets is 13.5 percent. What is the firm’s profit margin (returns on sales)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Sales Assets x Total asset tur...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Question Posted:
Students also viewed these Accounting questions
-
A firm has assets of $1,800,000 and turns over its assets 2.5 times per year. Return on assets is 20 percent. What is its profit margin (return on sales)?
-
Thomas, Inc.s return on equity is 13 percent and management has plans to retain 20 percent of earnings for investment in the company. a. What will be the companys growth rate? b. How would the growth...
-
Question 3 Find the equation of the plane containing the point P(0, 2, 5) and the line r(t) =(2, 1, 5) + t(2, -3, -2). [Hint: First find two vectors parallel to the plane (that is, find two vectors...
-
It is clear that Jaguar practices responsibility toward the environment. Using your knowledge gained from this Jaguar case study and further research, provide five (5) examples of how Jaguar is...
-
Show that if f: [a, b] R is integrable and g: f([a, b]) R is continuous, then g o f is integrable on [a, b]. (Notice by Remark 3.34 that this result is false if g is allowed even one point of...
-
Suppose the lease in Example 24.6 is a non-tax lease. Would it be attractive for Emory in this case?
-
The probabilities that a TV station will receive \(0,1,2,3, \ldots, 8\) or at least 9 complaints after showing a controversial program are, respectively,...
-
Herb E. Vore is considering investing in a Salad Stop franchise that will require an initial outlay of $100,000. He conducted market research and found that after tax cash flows on this investment...
-
Jack, age 3 0 and married with no dependents, is a self - employed individual. For 2 0 2 3 , his self - employed business sustained a net loss from operations of $ 1 0 , 0 0 0 from operations . The...
-
This is a study on minimum wage and poverty thresholds. I have included the procedure for one year, 2009, below. You will calculate all variables for all years 1968 2013. You will have three graphs....
-
Billys Crystal Stores Inc. has assets of $5,960,000 and turns over its assets 1.9 times per year. Return on assets is 8 percent. What is the firms profit margin (return on sales)?
-
Dr. Zhivgo Diagnostics Corp. income statements for 2013 are as follows: Sales....................................................................................... $2,790,000 Cost of goods...
-
A retail chain is proposing to subscribe to the Open 4 Sale service described in the Global Services in Action feature and to introduce it as an added value service to all its customers. Discuss the...
-
A \(0.20-\mathrm{kg}\) softball is traveling at a velocity of \(20 \mathrm{~m} / \mathrm{s}\) to the east relative to Earth. It collides head-on with a 0. 40 \(\mathrm{kg}\) rubber ball traveling at...
-
Cart A, with inertia \(0.400 \mathrm{~kg}\), is moving on a low-friction track at a speed of \(2.2 \mathrm{~m} / \mathrm{s}\). It collides with cart B, which is initially at rest. After the...
-
A bug of inertia \(m_{\mathrm{B}}\) collides with the windshield of a Mack truck of inertia \(m_{\mathrm{T}} \gg m_{\mathrm{B}}\) at an instant when the relative speed of the two is...
-
Define the main tools the Fed used in the Great Recession to avoid problems caused by the zero lower bound.
-
Compare the skills-based approach to quality with that taken by your own organisation.
-
Suppose a teenager puts her bicycle on its back and starts the rear wheel spinning from rest to a final angular velocity of 250 rpm in 5.00 s. (a) Calculate the angular acceleration in rad/s 2 . (b)...
-
Define cultural intelligence. Cite the books or journal articles you found in Capella's library. Explain why cultural intelligence is important for HR practitioners and other organizational managers.
-
Define and give examples of phonological, syntactic, semantic, and pragmatic rules for language.
-
The Caffeine Coffee Company uses the MIRR. The firm has a cost of capital of 12 percent. The project being analyzed has a $27,000 initial investment and is expected to produce the following case...
-
Music Box Records uses the MIRR. The firm has a cost of capital of 10 percent. The project being analyzed has a $39,000 initial investment and is expected to produce the following case flows: Year...
-
Discuss the changes currently occurring in Canada's financial and regulatory environment.
-
Determine the material inventory balance at the end of may? Received Issued Receiving Received Materials Report Number Received Quantity Unit Price Requisition Number Issued Quantity Issued Balance...
-
During October 2 0 2 3 , Fern Field Farms, Inc. received $ 1 0 , 0 0 0 from customers in exchange for fruit and vegetables. During the same month, the company paid $ 2 , 0 0 0 to employees, $ 5 0 0...
-
Given data below answer the question. Cash Accounts receivable $ 10,200 Cash dividends 15,200 Consulting revenue Office supplies 3,550 Rent expense $ 2,340 15,200 3,910 Office equipment 18,310 Land...
Study smarter with the SolutionInn App