calculate Asset Turn-over ratio if the revenue is $235,878 Assets 20X1 20X2 Cash 49,902 62,304 Marketable...

 

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calculate Asset Turn-over ratio if the revenue is $235,878 Assets 20X1 20X2 Cash 49,902 62,304 Marketable Securities 31,188 16,488 Prepaid Expenses 12,474 11,622 Accounts Receivable 48,315 43,662 19,854 Inventories 85,662 Land 349,305 3,021,270 349,305 Building China, Glass, etc. 3,021,270 854,802 807,765 Accumulated depreciation 1,359,789 1,613,547 Liabilites and Owner's Equity Accounts payable 39,795 47,835 Long-term debt 1,660,287 1,564,107 29,781 75,180 Deferred income taxes ---Current 24,489 Current portion of long-term debt Accrued Expense 61,221 6,141 9,117 Retained earnings 578,559 448,140 Common Stock 633,600 633,600 calculate Asset Turn-over ratio if the revenue is $235,878 Assets 20X1 20X2 Cash 49,902 62,304 Marketable Securities 31,188 16,488 Prepaid Expenses 12,474 11,622 Accounts Receivable 48,315 43,662 19,854 Inventories 85,662 Land 349,305 3,021,270 349,305 Building China, Glass, etc. 3,021,270 854,802 807,765 Accumulated depreciation 1,359,789 1,613,547 Liabilites and Owner's Equity Accounts payable 39,795 47,835 Long-term debt 1,660,287 1,564,107 29,781 75,180 Deferred income taxes ---Current 24,489 Current portion of long-term debt Accrued Expense 61,221 6,141 9,117 Retained earnings 578,559 448,140 Common Stock 633,600 633,600

Answer rating: 100% (QA)

Solution ASset tuin Not sales AvesIage t0tal assets Total Osset vake in 2... View the full answer