J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant and equipment Long-term investments Total asset 2024 $ 852,540 45,050 1,120,545 2023 $ 750,235 39,194 1,030,901 2,812,020 2,615,179 4,212,686 3,749,291 96,555 82,072 9,139,396 8,266,871 Total liabilities 4,204,122 3,968,098 Total stockholders' equity 4,935,274 4,298,773 Net sales. 15,579,865 13,710,281 Operating income 5,452,953 4,661,496 Interest expense 157,655 5,947 148,804 4,851 Investment income Calculate the investment-to-assets ratio for 2024. Note: Round your answer to 1 decimal place. Investment-to-assets ratio %
J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant and equipment Long-term investments Total asset 2024 $ 852,540 45,050 1,120,545 2023 $ 750,235 39,194 1,030,901 2,812,020 2,615,179 4,212,686 3,749,291 96,555 82,072 9,139,396 8,266,871 Total liabilities 4,204,122 3,968,098 Total stockholders' equity 4,935,274 4,298,773 Net sales. 15,579,865 13,710,281 Operating income 5,452,953 4,661,496 Interest expense 157,655 5,947 148,804 4,851 Investment income Calculate the investment-to-assets ratio for 2024. Note: Round your answer to 1 decimal place. Investment-to-assets ratio %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:J-Mark Superstores provides the following selected financial data.
Cash and cash equivalents
Short-term investments
Accounts receivable
Inventory
Property, plant and equipment
Long-term investments
Total asset
2024
$ 852,540
45,050
1,120,545
2023
$ 750,235
39,194
1,030,901
2,812,020
2,615,179
4,212,686
3,749,291
96,555
82,072
9,139,396
8,266,871
Total liabilities
4,204,122
3,968,098
Total stockholders' equity
4,935,274
4,298,773
Net sales.
15,579,865
13,710,281
Operating income
5,452,953
4,661,496
Interest expense
157,655
5,947
148,804
4,851
Investment income
Calculate the investment-to-assets ratio for 2024.
Note: Round your answer to 1 decimal place.
Investment-to-assets ratio
%
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