Assume the Residential Division of Kipper Faucets had the following results last year Net sales $ 4,160,000 Operating income 1,040,000 Average total assets 5,200,000 Management 's target rate of return 18 What is the divisions asset turnover ratio a 0 20 b 0 80 c 1 25 d 0 25 ...

R Division of KF has provided with the financial result of its previous year and we need to calc ...

Assume the Residential Division of Kipper Faucets had the following results last year: Net sales $ 4,160,000

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

Question:

Assume the Residential Division of Kipper Faucets had the following results last year:

Net sales	$ 4,160,000
Operating income	1,040,000
Average total assets	5,200,000
Management's target rate of return	18%

What is the division’s asset turnover ratio?
a. 0.20
b. 0.80
c. 1.25
d. 0.25

Related Book For answer-question

Managerial Economics

ISBN: 9781337106665

5th edition

Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward

See More Books

Posted Date: Jun 03, 2019 05:04 AM

See More Questions

The residential division of Prisms high-speed Internet service uses one advertising agency while its commercial division uses another. Two analysts, Andy and Brad, are asked to test evaluate the...
The Millard Division's operating data for the past two years are provided below: Year 1 Year 2 Return on investment 12% 36% Net operating income $600,000 Turnover ? 3 Margin ? Sales $3,320,000 ? 04...
A B C Sales 4000000 1500000 Net operating Income 560000 210000 Average operating assets 2000000 3000000 Margin 35 Turnover 2 Return on Investment ROI 7 Required 1 What advantages are there to...
Read the case study about Joy Jowie Inc and write a detailed paper about it
Jill Smith and Heff Tables are forming a partnership, Black Leather Goods, to import merchandise from Ireland. Smith is especially artistic and will travel to Ireland to buy the merchandise. Tables...
Indigo Books & Music Inc. reported the following selected information for the years ended March 31, 2012, and April 2, 2011 (in thousands):...
Management is considering three alternatives to satisfy an urgent need. Each of the alternatives will completely satisfy the need, so no combinations have to be considered. The first costs, operating...
The following are internal controls that the auditor has identified for various cycles. 1. Sales invoices are matched with shipping documents and customer orders before recording in the sales...
2. Let h1(t), h2(t) = C[0, ) and (x) L(0, L). Consider the following one- dimensional heat equation: u = kuxx, 0 0, ux (L,t) = h2(t), t> 0, 0
Bartov Corporation reports the following beginning inventory and purchases for 2020: Bartov sells 600 of these units in 2020. Compute its cost of goods sold for 2020 and the ending inventory reported...
Solve for X:(Simplify for X) (Ax) - = (AB-)-(AB) -1 -1 note: Remember that XA and B are all matrices and is the inverse of the matrix.
For the past ten years, Savco has obtained its best employees from private employment agencies. Now that it has three additional jobs to fill, it will probably, [A] a skills inventory. [B] external...
Parallel processing describes a computer operation in which Select one: a. program instructions are queued up for processing on a single core or CPU. b. a single program instruction is executed on...
1. (18 points) ABC Computer Company shows the following information on its pro forma income statement and statement of financial position: 2023 Sale Cost of goods sold Depreciation Interest Tax rate...
A 0.63 - mm - diameter copper wire carries a tiny current of 2.5A. The molar mass of copper is 63.5 m ole and its density is 8900k-9.N = 6.02 x 103 3 m Part A Estimate the electron drift velocity....
Choose a computer security certification to research. Describe what the certification covers. Research the requirements to obtain (and maintain) the certification. Write a two-to three-paragraph...
Planet X rotates around Star Y. The rotation can be approximated as a uniform circular motion, with average radius 233.5 million kilometers. If the Star Y's mass is Ms = 7.049 x1030 kg, find Planet...
Highland Theatre is owned by Finnean Ferguson. At June 30, 2014, the ledger showed the following: Cash, $6,000; Land, $100,000; Buildings, $80,000; Equipment, $25,000; Accounts Payable, $5,000;...
A franchise restaurant chain is considering a new store in an unserved part of town. Its finance group estimates an NPV of $10 million if the population growth is 10% (40% probability), an NPV of $4...
Which of the following is not an example of an entry barrier? a. Government protection through patents or licensing requirements b. Strong brands c. Low capital requirements for entry d. Lower costs...
Evaluate a pricing decision of your company based on psychological pricing. Was price set optimally? If not, why not? How would you adjust price? Compute the profit consequences of the change.
Use the LIL (Corollary 12.2) to give an alternative proof for the fact that a onedimensional Brownian motion oscillates in every time interval $[0, \epsilon]$ infinitely often around its starting...
Let $d \geqslant 2$. A flat cone in $\mathbb{R}^{d}$ is a cone in $\mathbb{R}^{d-1}$. Adapt the argument of Example 8.18.e) to show the following useful regularity criterion for a...
Let $\left(B_{t} ight)_{t \geqslant 0}$ be a one-dimensional Brownian motion. Show that \[\operatorname{dim} B^{-1}(A) \leqslant \frac{1}{2}+\frac{1}{2} \operatorname{dim} A \quad \text { a.s. for...

Assume the Residential Division of Kipper Faucets had the following results last year: Net sales $ 4,160,000

Question:

Expert Answer:

R Division of KF has provided with the financial result of its previous year and we need to calc... View the full answer

Managerial Economics

Students also viewed these accounting questions