E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7] The following data were included in a recent Mendoza Unlimited annual report (in millions): Net revenue Net property, plant, and equipment Required: 2015 $ 181,500 15,580 2016 $188,910 15,900 2017 $ 78,225 2018 $130,119 4,920 8,980 1. Compute Mendoza's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Madan reported a fixed asset turnover ratio of 9.8. Was Mendoza's turnover better or worse than Madan's in that

E9-15 (Algo) Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7] The following data were included in a recent Mendoza Unlimited annual report (in millions): Net revenue Net property, plant, and equipment Required: 2015 $ 181,500 15,580 2016 $188,910 15,900 2017 $ 78,225 2018 $130,119 4,920 8,980 1. Compute Mendoza's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Madan reported a fixed asset turnover ratio of 9.8. Was Mendoza's turnover better or worse than Madan's in that

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

See similar textbooks

Similar questions

Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Asset turnover
EYK9-11. Working with the Takeaways The following data (in millions) are taken from Alphabet's ALPHABET INc. (Google) 2017 financial statements: (in millions) 2017 2016 Net sales... Net income. $ 90,272 $110,855 12,662 19,478 Total assets 197,295 167,497 Calculate Alphabet's 2017 asset turnover and return on assets.
The 2025 Annual Report of Marigold International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (b) June 29, 2025 (c) $1.552 1.091 2,733 150 June 27, 2024 $1.376 1.147 2.845 Compute the following ratios for Marigold International for 2025: 136 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)
The following data were included in a recent Mango, Incorporated annual report ($ in millions): Net sales In millions Net property, plant, and equipment Required: 2017 $ 189,234 34,783 2018 2019 $ 225,595 $ 220,174 47,304 34,378 2020 $ 284,515 35,766 Compute Mango's fixed asset turnover ratio for 2018, 2019, and 2020. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. 2018 2019 Fixed asset turnover ratio 2020
The following data were included in a recent Mango, Inc. annual report ($ in millions): In millions 2014 2015 2016 2017 Net sales $ 20,715 $ 25,006 $ 33,379 $ 36,337 Net property, plant, and equipment 1,288 1,833 2,947 2,465 Required: 1. Compute Mango’s fixed asset turnover ratio for 2015, 2016, and 2017. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Can you check why my answer is wrong? 2015 = 11.34 2016 = 13.48 2017 = 8.69
The following information is provided for Sunland Company and Culver Corporation. (in $ millions) Sunland Company Culver Corporation Net income 2022 $155 $405 Net sales 2022 1595 4530 Total assets 12/31/20 1040 2130 Total assets 12/31/21 1260 3020 Total assets 12/31/22 1165 4100 What is Sunland's asset turnover for 2022? (Round answer to 2 decimal places, e.g. 15.20.) 0.68 times 1.32 times 0.25 times 3.94 times
Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 $8,151.5 214.2 127.0 939.3 2,294.3 334.7 3,695.3 (1,684.5) $2,010.8 Sales Depreciation expense Land Buildings and fixtures Machinery and equipment Construction in progress Gross property, plant, and equipment Accumulated depreciation Total property, plant, and equipment $124.9 845.1 2,217.1 220.6 3,407.7 (1,588.3) $1,819.4 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. 0 x b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 0 x years c. Compute the percentage used up of the PPE at April 30, 2019. Round answer to one decimal place (ex: 0.2345 = 23.5%) 0 * %
The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year) Net Fixed assets (end of year) Net sales for the year Net income for the year Required: Compute the company's fixed asset turnover ratio for the year. Numerator Denominator Fixed Asset Turnover Ratio 11 $ 8,490,000 8,290,000 4,111,100 1,930,000 "1
Q. No. 1. From the following information of Albert Company as on 31t December 2018: Noncurrent asset $25,00,000 Working capital Current ratio Non-current assets tumover ratio Gross profit Trade receivable turnover ratio Loss on sale of plant assets Trade payable turnover ratio Interest expenses Income tax Inventory turnover ratio 10,00,000 2:1 8 times 20% on sales 10 times $10,000 15 times S50,000 20% 10 times 10% of turn over 15% of the net income 1:1 S10,000 Net income General Reserve Capital gearing ratio Depreciation expenses Amortization on patent Doubtful expenses Derecognizing expenses $8,000 $5,000 $15,000 Required: A. Prepare a statement of Financial Performance for the year ended 31t December 2018 B. Prepare a Statement of Financial Position as of 31* December 2018.
Select financial statement data for two recent years for Davenport Company are as follows: Line Item Description 20Y5 20Y4 Sales $2,011,500 $1,088,000 Fixed assets: Beginning of year 720,000 640,000 End of year 770,000 720,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round your answers to one decimal place. Line Item Description 20Y5 20Y4 Fixed Asset Turnover Ratio fill in the blank 1 of 2 fill in the blank 2 of 2
Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 Sales $7,838.0 Depreciation expense 206.0 Land 122.1 $120.1 Buildings and fixtures 903.2 812.6 Machinery and equipment 2,185.0 2,111.5 Construction in progress 321.8 212.1 Gross property, plant, and equipment 3,532.1 3,256.3 Accumulated depreciation (1,619.7) (1,527.2) Total property, plant, and equipment $1,912.4 $1,729.1 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place.Answer b. Compute the average useful life of depreciable assets at April 30, 2019.Round answer to one decimal place.Answer yearsc. Compute the percentage used up of the PPE at April 30, 2019.Round answer to one decimal place (ex: 0.2345 = 23.5%)
Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 Sales $7,916.4 Depreciation expense 208.1 Land 123.3 $121.3 Buildings and fixtures 912.2 820.7 Machinery and equipment 2,250.6 2,174.8 Construction in progress 325.0 214.2 Gross property, plant, and equipment 3,611.1 3,331.0 Accumulated depreciation (1,635.9) (1,542.5) Total property, plant, and equipment $1,975.2 $1,788.5 a. Compute PPE turnover for fiscal year ended April 30, 2019.Round answer to one decimal place.Answerb. Compute the average useful life of depreciable assets at April 30, 2019.Round answer to one decimal place.Answer yearsc. Compute the percentage used up of the PPE at April 30, 2019.Round answer to one decimal place (ex: 0.2345 = 23.5%)Answer%