A company reports the following: Net sales $2,400,000 Average total assets 1,600,000 Determine the ratio of net
Question:
Net sales $2,400,000
Average total assets 1,600,000
Determine the ratio of net sales to assets.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Net Sales Total Assets Ratio of Net S...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Accounting questions
-
A company reports the following information from its financial statements: Required Conduct horizontal and vertical analyses of inventory for the current year. Round percentages to one decimal point...
-
A company reports the following for accounts receivable: Required For each year, determine the company's total or gross accounts receivable, net realizable value of accounts receivable, and allowance...
-
A company reports the following operating cash flows on its statement of cash flows (in millions): Required Identify whether the following account balances increased or decreased during the year: (a)...
-
Question 4: What is meant by statistical versus nonstatistical and probabilistic versus nonprobabilistic sample selection?
-
At McDouglas Hamburger stands, each employee must undergo a training program before he or she is assigned. A group of nine people went through the training program and were assigned to work at the...
-
Bridgeport Windows Inc is in the process of setting a target price on its newly designed tinted window. Cost data relating to the window at a budgeted volume of 3,440 units are as follows. Per Unit...
-
Explain what the following accounting terms mean: a. Cost principle b. Conservatism
-
Use the following data to answer the questions that follow. Company Beta Savoy Corp..0.70 Hokie Industries .1.35 Graham Records .2.05 Expo Enterprises .0.45 S&P 500 .1.00 a. If the S&P 500 goes up by...
-
Design Fixings and brackets to attach the highlited red boxes, Please ignore the dimensions and numbers and descriptions please just look at the titles. If i can just have quick sketch that would be...
-
Carter, Inc. uses a traditional volume-based costing system in which direct labor hours are the allocation base. Carter produces two different products: Product A, which uses 260,000 direct labor...
-
A company reports the following: Income before income tax $1,500,000 Interest expense 200,000 Determine the number of times interest charges are earned.
-
A company reports the following: Net sales $1,200,000 Average total assets 1,000,000 Determine the ratio of net sales to assets.
-
Find further 2 2 and 3 3 matrices with positive defect.
-
Suppose that a $150,000 expenditure today on insulating layers to prevent toxic landfill seepage would eliminate $1 million worth of healthcare costs 20 years from now. If the social discount rate...
-
Fremont Enterprises has an expected return of 16% and Laurelhurst News has an expected return of 19%. If you put 48% of your portfolio in Laurelhurst and 52% in Fremont, what is the expected return...
-
You buy 105 shares of Tidepool Co. for $38 each and 200 shares of Madfish, Inc., for $11 each. What are the weights in your portfolio?
-
Suppose Autodesk stock has a beta of 2.17, whereas Costco stock has a beta of 0.73. If the risk-free interest rate is 6.5% and the expected return of the market portfolio is 11.5%, what is the...
-
of the factors that complicate private solutions listed in this chapter, which two present the largest problems where you live? What types of government policies could address these specific issues?
-
The FTC regulation that preserves the rights of consumers to assert claims and defenses against any holder of a consumer credit contract is called the: a. Consumer Protection Rule. b. Holder Rule. c....
-
A glass manufacturer produces hand mirrors. Each mirror is supposed to meet company standards for such things as glass thickness, ability to reflect, size of handle, quality of glass, color of...
-
Consider the Lognormal LIBOR Market (LLM) model for the LIBOR L i (t), i = 0, 1, ,n 1, defined on the tenor structure {T 0 ,T 1 , ,T n } where 0 0 1 n. Let v i (t) denote the scalar volatility...
-
Security issues in today's workplace. Identify the different types of potential security issues an employer may have to deal with. Give examples to illustrate each of these potential security...
-
Research on the Internet and identify an emerging security issue. Describe the issue and its origin. Provide an example of this new security issue. Discuss the impacts of the security issue and...
-
A T-ball baseball player hits a baseball from a tee that is 0.6 m tall. The flight of the ball can be modelled by h(t) = -4.91 +61 +0.6, where h is the height in metres and t is the time in seconds....
Study smarter with the SolutionInn App