What is the asset turnover? ____ What is the return on net worth? (Do not round intermediate
Fantastic news! We've Found the answer you've been seeking!
Question:
- What is the asset turnover? ____
- What is the return on net worth? (Do not round intermediate calculations and round the final answer to 2 decimal places) ____
- What is the size of total assets for the firm? (Omit $ in your answer) ____
- What is the Return on Assets (ROA)? (Do not round intermediate calculations. The round final answer to 2 decimal places.) ____
The managers of the firm claim that the return on net worth for the firm is 61.7. If the return on assets is 22.34, then what financial leverage is required to achieve this return? (Round your answer to 2 decimal places.) ____
Categories Values:
Sales $50,800,000
Cost of goods sold $25,400,000
Variable expenses $ 8,350,000
Fixed expenses $ 8,420,000
Inventory $ 6,210,000
Accounts receivable $ 3,280,000
Other current assets $ 4,280,000
Fixed assets $24,000,000
Financial leverage 1.607
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
Posted Date: