Felton Farm Supplies, Inc., has an 8 percent return on total assets of $300,000 and a net

Question:

Felton Farm Supplies, Inc., has an 8 percent return on total assets of $300,000 and a net profit margin of 5 percent. What are its sales?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

See More Books

Question Posted: May 23, 2013 04:46 AM

See More Questions

Bryley, Inc. earned a net profit margin of 5 percent last year and had an equity multiplier of 3.0. If its total assets are $100 million and its sales are $150 million, what is the firms return on...
Return on total assets can be separated into two important components. 1. Write the formula to separate the return on total assets into its two basic components. 2. Explain how these components of...
Return on total assets (ROA) is a common measure of profitability. The historical average is about 7.0 percent. The historical yield on corporate bonds is about 6.6 percent. Why is the ROA so low?...
Suppose you have a consumer that calls the lion() method within a Lion service. You have four distinct modules: consumer, service locator, service provider, and service provider interface. If you add...
The unit cell for Cr2O3 has hexagonal symmetry with lattice parameters a = 0.4961 nm and c = 1.360 nm. If the density of this material is 5.22 g/cm3, calculate its atomic packing factor. For this...
Wiggley S&L issues a standard 30-year fixed rate mortgage at 7.8% for $150,000. Thirty-six months later, mortgage rates jump to 13%. If the S&L sells the mortgage, how much of a loss is incurred?
Assuming standard atmospheric conditions, what will happen to your true airspeed when you conduct a constant indicated airspeed climb from sea level to 20,000 feet?
Coleman, a married taxpayer, is going to establish a manufacturing business. He anticipates that the business will be profitable immediately due to a patent he holds. He anticipates that profits for...
What are some of the biggest challenges and changes in trends for Human Resources due to the COVID-19 pandemic which has organizations in flux since 2020 especially with employees working remotely?
1. If you were in Jimmies shoes, would you sell Greg an equity stake in Lees Ice Cream? Explain. If Jimmie does sell equity to Greg for $3,300, what percentage of the business should he offer? 2....
Determine a firm's total asset turnover (TAT) if its net profit margin (NPM) is 5 percent, total assets are $8 million, and ROI is 8 percent.
Assume you are given the following ratios: Assets turn over = 1.5x Return on assets = 3% Return on equity = 5% 1. How much is the Profit Margin? 2. How much is the Debt Ratio?
Sundarban Ltd. furnishes the following Balance Sheets for the year ended 31st March, 2015 and 31st March, 2016. You are required to prepare a Cash Flow Statement (as per AS--3) for the year ended...
What major psychological processes influence consumer responses to the marketing program?
How do the results under FIFO in a perpetual system compare to the results using a periodic system? Explain.
Required information [The following information applies to the questions displayed below.] George and Wanda received $30,500 of Social Security benefits this year ($11,700 for George; $18,800 for...
Pick three disclosures from a list of common note disclosures and explain the purpose of each of them. What is the purpose of the notes to the financial statements? The narrative explanations?...
What role did Steve Jobs' marketing skills play in his success? Did he plan to create disruptive or sustaining innovations? Pick one product he created and describe how his segmentation, targeting,...
What is the purpose of a warranty period?
Find the inverse, if it exists, for the matrix. -1
A promise has no legal value as consideration. (True/False)
What is the relationship between management by exception and variance analysis?
What are two possible sources of information a company might use to compute the budgeted amount in variance analysis?
Distinguish between a favorable variance and an unfavorable variance?
GDP exceeds NDP by an amount equal to? Explain
A not-for-profit hospital reported in 2021 income statement: Revenue 150m Expenses 110m Net Income 40m On their 2021 Statement of Changes in Net Assets they reported: Beginning Net Assets of 110m...
Various cost accounting methods record, classify, analyze, and evaluate alternative courses of action used to control costs. The chief information security officer (CISO) uses these results to...

Felton Farm Supplies, Inc., has an 8 percent return on total assets of $300,000 and a net

Question:

Step by Step Answer:

Computaiton of the Net Sales Given information ROI or ROA 008 Total Assets 3000...View the full answer

Fundamentals of Corporate Finance

Students also viewed these Finance questions