Selected comparative statement data for Carla Vista Corporation are presented below. All balance sheet data are as at December 31. Net sales Profit for the year Total assets Total common shareholders' equity (a) Your answer is correct. Asset turnover (b) eTextbook and Media Your answer is incorrect. 2024 $850,000 Return on assets 84,000 615,000 450,000 Calculate asset turnover for 2024. (Round answer to 1 decimal place, e.g. 12.5.) 1.4 2023 $810,000 14.7 67,000 525,000 % 320,000 Calculate return on assets for 2024. (Round answer to 1 decimal place, e.g. 12.5.) times

Selected comparative statement data for Carla Vista Corporation are presented below. All balance sheet data are as at December 31. Net sales Profit for the year Total assets Total common shareholders' equity (a) Your answer is correct. Asset turnover (b) eTextbook and Media Your answer is incorrect. 2024 $850,000 Return on assets 84,000 615,000 450,000 Calculate asset turnover for 2024. (Round answer to 1 decimal place, e.g. 12.5.) 1.4 2023 $810,000 14.7 67,000 525,000 % 320,000 Calculate return on assets for 2024. (Round answer to 1 decimal place, e.g. 12.5.) times

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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Current Attempt in Progress Here are the comparative income statements of Oriole Corporation. ORIOLE CORPORATIONComparative Income StatementFor the Years Ended December 31 2022 2021 Net sales $632,300 $544,800 Cost of goods sold 456,600 415,500 Gross Profit 175,700 129,300 Operating expenses 74,100 44,500 Net income $ 101,600 $ 84,800 (a)Prepare a horizontal analysis of the income statement data for Oriole Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) ORIOLE CORPORATIONComparative Income Statementchoose the accounting period For the Years Ended December 31For the Month Ended December 31December 31 Increase or (Decrease) During 2022 2022 2021…
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Hello! look at the attached images and answee the following points: (a) Calculate ratios for the year ended 31 December 2021 (showing your workings) for Primrose Plc, equivalent to those provided above. Return on year-end capital employed Net asset turnover Gross profit margin Net profit margin Current ratio Closing inventory holding period Trade receivables’ collection period viii. Trade payables’ payment period Dividend yield Dividend cover (b) Analyse the financial performance and position of Primrose Plc for the year ended 31 December 2021 compared to 31 December 2020. (c) Explain the uses and the general limitations of ratio analysis. Thank you a lot!