Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its
Question:
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in millions):
Required:
1. Calculate the company’s 2020 fixed-asset turnover ratio.
2. How would you interpret this ratio?
Transcribed Image Text:
Balance sheets Property, plant, and equipment (net) Income statement Net sales for 2020 2020 $1,674 $10,918 2019 $1,404
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Requirement 1 in thousands Average PPE for 2020 1674 1404 2 1539 Net sales ...View the full answer
Answered By
Cyrus Sandoval
I a web and systems developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices. My objective is simply to be the best web developer that i can be and to contribute to the technology industry all that i know and i can do. My skills include:
- Front end languages: css, HTML, Javascript, XML
- Frameworks: Angular, Jquery, Bootstrap, Jasmine, Mocha
- Back End Languages: Java, Javascript, PHP,kotlin
- Databases: MySQL, PostegreSQL, Mongo, Cassandra
- Tools: Atom, Aptana, Eclipse, Android Studio, Notepad++, Netbeans.
Having a degree in Computer Science enabled me to deeply learn most of the things regarding programming, and i believe that my understanding of problem solving and complex algorithms are also skills that have and will continue to contribute to my overall success as a developer.
I’ve worked on countless freelance projects and have been involved with a handful of notable startups. Also while freelancing I was involved in doing other IT tasks requiring the use of computers from working with data, content creation and transcription.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Starlight, Inc. financial statements for the fiscal year ended June 30, 2013, are presented below. The firm's sales are projected to grow at a rate of 20 percent next year, and all financial...
-
The municipality of Lossburgh reported the following information about its pension fund in its CAFR, for the year ended June 30, 2013: Net Assets Held in Trust for Pension Benefits ........$...
-
Microsoft Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Required: Compute the receivables turnover ratio and the average...
-
An article in Sociological Methods & Research (May 2001) analyzed the data presented in the accompanying table. A sample of 262 Kansas pig farmers was classified according to their education level...
-
An investor is considering purchasing one of the following three stocks. Stock X has a market capitalization of $7 billion, pays a relatively high dividend with little increase in earnings, and has a...
-
Panashe Corporation purchased 20 percent of Servco Corporation's stock on each of the following dates: January 4, 2017; April 3, 2017; July 14, 2017; December 15, 2017; and January 5, 2018. Can...
-
In what ways did the social-person and human relations approach influence management?
-
The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the...
-
A company purchases equipment on January 1 , 2 0 2 0 for $ 1 8 0 , 0 0 0 . Management expects the equipment to be used for ten years and to be sold for $ 3 0 , 0 0 0 at the end of those ten years ( i...
-
Determine a condition on |x - 4| that will assure that: (a) |x - 2| < 1/2, (b) |x - 2| < 10-2.
-
The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end of 2023 and 2024, respectively. The fixed-asset turnover ratio for 2024 was 3.25. Calculate...
-
Early in its fiscal year ending December 31, 2024, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on March 28 with the purchase of a tract of land on the...
-
Foster and Hahn (1995) have examined trading of air pollutant emission rights within the Los Angeles air basin in 1985-1991. They hypothesized that two factors would lead to high transaction costs:...
-
(a) The following information on credit and advances are found in the book of Jack and Jane bank: i. Letter of credit GHC40000.00 ii. iii. iv. Mortgage GHC23000.00 Personal loan GHC2400 Bankers'...
-
Part A What is the bubble's diameter just as it reaches the surface of the lake, where the water temperature is 20 C? Assume that the air bubble is always in thermal equilibrium with the surrounding...
-
Suppose you are the Director of Finance at a multinational corporation (MNC) thats headquartered in the U.S. The cost of capital for this MNC is 12.2%. You are examining this data that you received...
-
Table i s as below : Stocks Number of Shares Beginning Price Ending Price A 300,000 OMR 10 OMR 12 B 600,000 OMR 20 OMR 21 C 500,000 OMR 30 OMR 33 A. Calculate the Holding Period Return (HPR) for the...
-
What is the activation energy of a process whose rate is observed to increase by afactor of four when the temperature is increased from room temperature (20 C) to 80 C? (5 pts) A first order chemical...
-
Provide the major organic product from each of the following reactions. (a) (b) (c) (d) (e) NH2 (1) cat. HA (2) NaBH3CN Br (1) NaCN (2)LiAlH4- (3) H20 Br )NaN3 (2) LiAIH4 (3) H2o (1) NH20H, cat. HA...
-
Which of the following is NOT a magnetic dipole when viewed from far away? a) A permanent bar magnet. b) Several circular loops of wire closely stacked together with the same current running in each...
-
n May 2001, the Securities and Exchange Commission sued the former top executives at Sunbeam, charging the group with financial reporting fraud that allegedly cost investors billions in losses....
-
n May 2001, the Securities and Exchange Commission sued the former top executives at Sunbeam, charging the group with financial reporting fraud that allegedly cost investors billions in losses....
-
n May 2001, the Securities and Exchange Commission sued the former top executives at Sunbeam, charging the group with financial reporting fraud that allegedly cost investors billions in losses....
-
Bottoms Up Diaper Service is considering the purchase of a new industrial washer. It can purchase the washer for $7,500 and sell its old washer for $2,000. The new washer will last for 6 years and...
-
Q.3 Q.4 Q.5 Caselet/Scenario You are the communication expert at Fun Group. It develops interactive educational games for school children and for corporates to develop interpersonal skills. It wants...
-
Study the following program and answer the questions: #include #include int uig; int ig = 5; int func() { return 0; } int main() } int local; int *ptr; ptr (int *)malloc(sizeof(int)); = printf("An...
Study smarter with the SolutionInn App