What is the asset turnover ratio? Income Statement (in millions) Revenue Costs of Goods Sold Other Costs
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Income Statement (in millions) Revenue Costs of Goods Sold Other Costs EBIT Taxes Interest Expense Earnings # of shares = 2 million Price per share=32 100 70 10 20 4 5 11 Balance Sheet (annual average in millions) Current Assets Cash Marketable Securities Receivables Inventory Total Current Assets Total Long-Term Assets Total Assets Current Liabilities Long-Term Debt Total Debt Owner's Equity 2 1 3 9 15 175 190 5 95 100 90 Note: To keep things simple, use total debt and total assets for leverage ratios (would it matter?). Income Statement (in millions) Revenue Costs of Goods Sold Other Costs EBIT Taxes Interest Expense Earnings # of shares = 2 million Price per share=32 100 70 10 20 4 5 11 Balance Sheet (annual average in millions) Current Assets Cash Marketable Securities Receivables Inventory Total Current Assets Total Long-Term Assets Total Assets Current Liabilities Long-Term Debt Total Debt Owner's Equity 2 1 3 9 15 175 190 5 95 100 90 Note: To keep things simple, use total debt and total assets for leverage ratios (would it matter?).
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The asset turn over ratio is the financial ratio that measures a companies efficiency ... View the full answer
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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