Question

Go to Connect for the financial statements of RONA Inc.
Required
1. What is the company’s revenue recognition policy? (Hint: Look in the notes to the financial statements.)
2. How much inventory did the company buy during the year?
3. Refer to Note 5.1 to the financial statements and compute the ratio of Selling, general and administrative expenses to revenues for the years ended December 30, 2012, and December 25, 2011. By what percentage did these expenses increase or decrease from fiscal year 2011 to 2012?
4. Compute the company’s total asset turnover ratio for the year ended December 30, 2012, and explain its meaning.


$1.99
Sales0
Views38
Comments0
  • CreatedAugust 04, 2015
  • Files Included
Post your question
5000