Long Pty Ltd reported net sales of $275 000, cost of sales of $110 000, operating expenses

Question:

Long Pty Ltd reported net sales of $275 000, cost of sales of $110 000, operating expenses of $55 000, profit after tax of $88 000, beginning total assets of $550 000, and ending total assets of $660 000. Calculate each of these values:

(a) Return on assets ratio.

(b) Profit margin ratio.

(d) Operating expenses to sales ratio.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

See More Books

Question Posted: Sep 07, 2022 12:18 AM

See More Questions

In 2003, Best Buy Co. reported net sales of $20,946 million. Its gross profit was $5,236 million. What was the amount of Best Buys cost of merchandise sold?
An Israeli drug company (IDC) reported Net Sales of $9,408 million for the year ended December 31, Year 7. Based on IDCs financial reports for fiscal Year 7, the cost of these sales was $6,531...
Last year Pontiff Enterprises reported net sales of $13,144,680, a gross profit $4,127,429, EBIT of $2,586,150, and net income of $867,555. Compute Pontiff's cost of goods sold, gross profit margin,...
Why have some firms gone to voluntary benefits as opposed to discretionary benefits?
Ken Shwartz wants you, the new director of human resources, to recruit more production workers for his hat embroidery company, Ahead Headgear. Based in New Bedford, Massachusetts, Ahead creates caps...
Two different analytical tests can be used to determine the impurity level in steel alloys. Eight specimens are tested using both procedures, and the results are shown in the following tabulation. Is...
What is air-conditioning? What is comfort air-conditioning?
A bond that matures in 7 years sells for $1,020. The bond has a face value of $1,000 and a yield to maturity of 10.5883 percent. The bond pays coupons semiannually. What is the bonds current yield?
Great leaders inspire us to push aside our egos, insecurities, and fears and reach for truly meaningful goals. Leaders come in many guises and are often ordinary people doing extraordinary things in...
Suppose we are analyzing the intertemporal allocation of oil. Assume a generation is 35 years, and we are concerned with only two generations. The demand and supply functions for oil in the present...
MBA Ltd reports net sales of $480 000, gross profit of $348 000, and profit before tax of $180 000. What are its operating expenses?
Goods costing $2240 are purchased on account on 18 July with credit terms of 2/7, n/30. On 20 July a $140 credit note is received from the supplier for damaged goods. Give the journal entry on 24...
Supersonic airflow enters an adiabatic, constant area pipe (inside diameter $=0.1 \mathrm{~m}$ ) with $\mathrm{Ma}_{1}=2.0$. The pipe friction factor is 0.02 . If a standing normal shock is...
International banks provide various services to its clients. The types of services provided by international banks is what differentiates it from a domestic bank. Understanding these banks and the...
Bob borrowed $12,000 to purchase a new fishing boat and financed the purchase over 5 years at 6% with monthly payments. How much of the first payment will be applied to principal?
William Corporation ended its fiscal year on September 30, 2021, with cash of $80 million, accounts receivable of $20 million, property and equipment of $30 million, and other long-term assets of $23...
3.32 Show that when average cost is declining, marginal cost must be less than average cost; when average cost is constant, marginal cost must equal average cost; and when average cost is increasing,...
What journal entries would Wonka Inc. make to repurchase the $1,000,000 outstanding bonds with a 5% stated interest rate at 80% of the face value and replace them with a new issue of $1,000.000 of...
Let Ai be the set of all nonempty bit strings (that is, bit strings of length at least one) of length not exceeding i. Find (a) (b) UA
Explain how the graph of each function can be obtained from the graph of y = 1/x or y = 1/x 2 . Then graph f and give the (a) Domain (b) Range. Determine the largest open intervals of the domain over...
A marketing manager is considering opportunities to export her firms current consumer products to several different countries. She is interested in getting secondary data that will help her narrow...
The marketing manager for Audiotronics Software Company is seeking new market opportunities. He is focusing on the voice recognition market and has narrowed down to three segments: the Fearful...
Explain what is meant by a hierarchy of needs and provide examples of one or more products that enable you to satisfy each of the four levels of need.
After being drafted in the first round of the NFL draft, a star defensive end invests his signing bonus of $9,827,000.00 in a mutual fund. The fund pays on average 7.00% APR. The player will not...
XYZ Co has plans to issue 7,000, Eleven percent Debentures of Rs.100 each at a discount of 5%. The debentures are redeemable after 4 years and the commission payable to brokers & underwriters is Rs....
Denise and Richard Deleon want to buy a house for $375,000. They can make a down payment of $100,000 from a combination of their RSPs ($25000 each under the Home Buyers program) and wedding gifts...

Long Pty Ltd reported net sales of $275 000, cost of sales of $110 000, operating expenses

Question:

Step by Step Answer:

a Return on assets ratio Profit after tax Average Total AssetsAverage Total Assets Beginning Tot...View the full answer

Financial Accounting Reporting Analysis And Decision Making

Students also viewed these Business questions