Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total

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

Question:

Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)?

a. 2.26
b. 2.04
c. 2.38
d. 2.49
e. 2.14

Related Book For answer-question

Financial Management Theory And Practice

ISBN: 978-0176583057

3rd Canadian Edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

See More Books

Posted Date: Mar 12, 2019 10:05 AM

See More Questions

Orono Corp.'s sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's time's interest earned (TIE) ratio?
Payne Products's sales last year were an anemic $1.6 million, but with an improved product mix it expects sales growth to be 25% this year, and Payne would like to determine the effect of various...
Cochrane Associate\'s net sales last year were $525 million. If sales grow at 7.5% per year, how large (in millions) will they be 8 years later\'?
In a LVDT, the two secondary voltages a. Are independent of the core position b. Are always in phase quadrature Oc. Vary equally depending on the core position O d. Vary unequally depending on the...
An analyst gathered the following year-end price level data for an economy: 2007 ................... 174.0 2011 ................... 190.3 2012 ................... 196.8 What is the economy's annual...
Referring to Table 18.1, pick an indicator for use in the titration of each base with a strong acid. a. CH 3 NH 2 b. NaOH c. C 6 H 5 NH 2 TABLE 18.1 Ranges of Color Changes for Several Acid-Base...
What is the J curve? What explains the behavior of net exports represented by the J curve?
Suppose that a gift shop in Myrtle Beach has an annual demand for 15,000 units for a souvenir kitchen magnet that it buys for $0.50 per unit. Assume that it costs $10 to place an order and the...
Instructions Preferred 2% Stock, $80 par (200,000 shares authorized, 65,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock $5,200,000 360,000 Common Stock, $12 par (3,000,000 shares...
Refer to Fig. 4.40. 8,0 in Semicircular hatch 10 in 26 in 20-in radius Ethylene glycol sg = 1.10 10 in Tank is symmetrical 30
.) NBA superstar Giannis Antetokounmpo recently reached an agreement with the Milwaukee Bucks on a five-year contract extension worth $228 million dollars. This amount would be enough to finance a...
Why are administrative prices useful?
Why is it important to operationalize?
What are the public tasks of administrations based upon?
What factors must be considered in order to draw conclusions about the effectiveness of measures?
How is the operating profit or loss calculated?
float useless (A){ n = A.length; if (n=1){ return A[0]; let A1, A2 be arrays of size n/2 for (i=0; i
Revol Industries manufactures plastic bottles for the food industry. On average, Revol pays $76 per ton for its plastics. Revol's waste-disposal company has increased its waste-disposal charge to $57...
Describe the mechanism of PIC18 responding to an interrupt request. In your answer, you should explain: (1) why the PIC18 can avoid another interrupt during processing the current interrupt, and (2)...
Karen, a resident of Nova Scotia, has $10,000 to invest for one year. She has found two alternatives: a bond that will provide interest income at year-end of $400, and a common stock whose price is...
If the Swiss franc depreciates against the Canadian dollar, can a dollar buy more or fewer Swiss francs as a result?
Assume that you have been given the following information on Purcell Industries: Current stock price = $25 Time to maturity of option = 6 months Variance of stock return = 0.09 d 1 = 0.2239 d 2 =...
Ten reasons why companies use equipment long after replacements would be justified economically. In many cases, these reasons do not apply just to companies; rather, they apply to us as individuals....
A company owns a 6-year-old gear hobber that has a book value of $60,000. The present market value of the hobber is $80,000. A new gear hobber can be purchased for $450,000. Using an outsiders point...
Give two examples each of (1) functional obsolescence, (2) technological obsolescence, and (3) economic obsolescence for items that you or your family own.

Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total

Question:

Expert Answer:

Sales 38000 Tota... View the full answer

Financial Management Theory And Practice

Students also viewed these accounting questions