How is fixed asset turnover calculated, and what does the resulting ratio value mean? Discuss.
Question:
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Fixed asset turnover is computed as sal...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted:
Students also viewed these Accounting questions
-
How is inventory turnover calculated and what does it measure?
-
How is days sales in inventory calculated and what does it measure?
-
What is account planning, and what does the account planner bring to an advertising plan?
-
The degree of operating leverage for Dousmann Corp. and PCB Co. are 1.4 and 5.6, respectively. Both have net incomes of $50,000. Determine their respective contribution margin s.
-
Ladoca Company, a manufacturer of tennis racquets, started production in November 2016. For the preceding five years Ladoca had been a retailer of sports equipment. After a thorough survey of tennis...
-
The following data are available pertaining to a product after passing through two processes A and B: Output transferred to process C from process B, 9120 units for Rs. 49,263. The wastage of process...
-
A biologist decided that she wanted to have $\$ 54,267.89$ in her account in 10 years, and she found a bank which compounded monthly at $6 \%$. What are her monthly payments to achieve her goal of...
-
Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown below. INSTRUCTIONS Complete the worksheet for the month. Prepare...
-
33. As shown in Figure 19-31, a point charge of +15.0 nC is located d 6.50 cm above the midpoint of a uniformly charged fixed thin rod of length 4.00 cm and carrying a total charge of +80.0 C....
-
The chief executive officer of Creative Toys Inc. has read about cooperation in Japanese companies and vows to bring this same philosophy to the company. The goal is to avoid all conflict so that...
-
Goodwill can be recorded only when a business is purchased. Does this result in similar businesses having incomparable financial statements?
-
Which one of the following is not an example of a long-term operating asset? a. Buildings b. Land c. Goodwill d. Equipment e. Office Supplies
-
What is the economic interpretation of the net advantage to leasing?
-
Develop a position paper on why a formal risk management program would be appropriate for your employer and where in the organization the function should be placed for the most effective results. Be...
-
1) Your task on the first day as an investment manager is to provide a client with an overview of several industries. The available data (Brand value.xlsx) contains the brand value and revenue in...
-
a) Define and explain the arithmetic and geometric mean, and in what circumstances are they used? b) Define and explain the coefficients of asymmetry (Sknewess) and kurtosis (Kurtosis), and what are...
-
You bought $1,000 worth of TIPS bonds as a new issue. The coupon on your bond is 1%. After six months, the government reports that the consumer price index rose 6%. What is the amount of the coupon...
-
Sam urgently needs $30000. He goes to a local finance company who agrees to lend this amount and proposes two payment options. A) Pay $36,000 at the end of the year. B) Pay $3,000 every month for a...
-
Analyse the conditions necessary for transformational leadership to take root.
-
A statistical study shows that the fraction of television sets of a certain brand that are still in service after x years is given by f (x) = e-0.15x. (a) What fraction of the sets are still in...
-
Write the ground-state electron configuration for each of the following atoms: (a) Sodium; (b) Silicon; (c) Chlorine; (d) Rubidium.
-
Excerpts from the annual report of Lands End follow ($ in thousands): If the first-in, first-out (FIFO) method of accounting for inventory had been used, inventory would have been approximately $26.9...
-
Refer to the financial statements of Campbell Soup Company in Appendix A. Required: a. By means of T-account analysis, explain the changes in Campbell's Property, Plant, and Equipment account for...
-
Trimax Solutions develops software to support e-commerce. Trimax incurs substantial computer software development costs as well as substantial research and development (R&D) costs related to other...
-
What is the half-life in hours of procainamide in a patient whose total clearance is estimated to be 20 L/h and the volume of distribution is 120 L assuming one compartment, open model, first- order...
-
1. The technologies, such as ChatGPT, has been launched before introducing even a baseline of safety measures. This goes back to trade-offs that companies make, and people just watch the impact from...
-
The cumulative incidence of myocardial infarction is 180.0 new cases per 10,000 persons among individuals with severe hypertension. In contrast, the cumulative incidence of myocardial infarction is...
Study smarter with the SolutionInn App