The following data were included in a recent Papaya Inc. annual report (in millions): 2010 2011 2012 $81,225 $119,119 $161,500 4,950 9,280 15,610 Net revenue Net property, plant, and equipment Required: 1. Compute Papaya's fixed asset turnover ratio for 2011, 2012, and 2013. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Year 2011 2012 2013 2013 $164,910 16,600 Fixed Asset Turnover Ratio
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- The following data were included in a recent Lavender Associates annual report (in millions): 2015 2016 $ 161,500 $ 159,910 15,480 13,700 2017 $ 68,225 4,820 2018 $112,449 7,980 Net revenue Net property, plant, and equipment Required: 1. Compute Lavender's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Zhu and Ramos reported a fixed asset turnover ratio of 8.8. Was Lavender's turnover better or worse than Zhu and Ramos's in that year?Brigadoon Consulting bought a building and the land on which it is located for $191,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $31,000 for building renovations before it was ready for use. Required: 1. The renovation costs should be capitalized. O False O True 2. Prepare the journal entry to record all expenditures. Assume that all transactions were for cash and they occurred at the start of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A Record the expenditures at the start of the year. Note: Enter debits before credits 3. Compute straight-line depreciation on the building at the end of one year, assuming an estimated twelve-year useful life and a $5,500 estimated residual value. Depreciation 4. What should be the book value of the land and building at the end of year 2? Book valueUse the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent. Net income Gross profit on sales Average total assets Sales Tax rate on operating profit $69,960 $700,400 $360,600 $1,356,504 35% Question 24 options: A) 3.76 B) 5.17 C) 0.27 D) 17.30
- Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,450 and net income of $89. Its balance sheet also showed total assets at the beginning of the year of $24,590 and total assets at the end of the year of $23,300.Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover enter the asset turnover rounded to 2 decimal places times Return on assets enter the return on assets in percentages rounded to 2 decimal places %The 2025 Annual Report of Windsor International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) June 29, 2025 $1,399 1,106 2,961 Compute the following ratios for Windsor International for 2025: (c) 132 June 27, 2024 $1,487 1,108 2,941 140 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.) times % %The following data were included in a recent Mango, Inc. annual report ($ 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
- Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,400 and net income of $88. Its balance sheet also showed total assets at the beginning of the year of $24,580 and total assets at the end of the year of $23,300. Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover Return on assets times %The following data were included in a recent Papaya Incorporated annual report (in millions): Net revenue Net property, plant, and equipment 2015 $ 163,500 15,620 2016 $167,910 17,000 2017 $ 82,225 2018 4,960 $120,119 9,380 Required: 1. Compute Papaya's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Bigley reported a fixed asset turnover ratio of 8.1. Was Papaya's turnover better or worse than Bigley's in that year?The 2025 Annual Report of Indigo International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (a) (b) (c) June 29, 2025 $1,456 1,130 2,485 Save for Inte 129 June 27, 2024 $1,436 Compute the following ratios for Indigo International for 2025: 1,157 2,663 137 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 times %
- The 2020 Annual Report of Sheffield International contains the following information. (in millions) Total assets Total liabilities Net sales Net income (a) (b) June 29, 2020 $1,505 (c) 960 2,807 133 Compute the following ratios for Sheffield International for 2020. June 27, 2019 $1,301 1,117 2,934 131 Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) 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%.) times % %Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,000 and net income of $80. Its balance sheet also showed total assets at the beginning of the year of $24,500 and total assets at the end of the year of $23,300. Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover times Return on assets %The 2023 annual report for Pronghorn Industries Inc. contained the following information: Dec. 31, 2022 Dec. 31, 2023 Total assets 561,000 605,000Total liabilities 65,400 88,900Net revenue 410,000 530,000Net income 54,000 32,000 (a) Calculate the asset turnover ratio for 2023. (Round answer to 2 decimal places, e.g. 52.75.) b) Calculate the profit margin on sales for 2023. c) Calculate the rate of return on assets using total assets for 2023. d) Calculate the rate of return on assets using profit margin for 2023