Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year The total asset turnover is: (Do not round Intermediate calculations.) $ 16,753 720,855 91,932 111, 201 206,935 133,851

What are three of the benefits of common-sized analysis using the inverse operating asset turnover (ATO) ratios?   a) provides insight into the age of the assets b) the item is expressed as a percentage of current year sales c) is more comparable year-to-year than other methods d) negates the issue with small denominators e) it provides a common denominator for all accounts

Horizontal Analysis The comparative temporary investments and inventory balances of a company follow:                                     Current Year Previous Year Accounts payable       $51,212              $43,400 Long-term debt            57,597               78,900 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?                                  Amount of Change Increase/Decrease Percentage Accounts payable   $fill in the blank           fill in the blank        fill in the blank Long-term debt      $fill in the blank            fill in the blank        fill in the blank

Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financial data (in millions) in its annual report:   Previous Year Current Year Net Income $9,050 $7,500 Net Sales 52,350 37,200 Total Assets 58,734 68,128   If the company’s total assets are $55,676 at the beginning of the previous year, calculate the company’s: (a) return on assets (round answers to one decimal place - ex: 10.7%)   (b) asset turnover for both years (round answers to two decimal places)     Previous Year Current Year a. Return on Assets Ratio Answer Answer b. Asset Turnover Ratio Answer Answer

Asset turnover ratio Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow:   20Y3 20Y2 Sales $1,950,000   $1,564,000   Total assets:           Beginning of year 740,000   620,000     End of year 820,000   740,000     a. Determine the asset turnover ratio for 20Y3 and 20Y2. Round answers to one decimal place.     20Y3 20Y2 Asset turnover fill in the blank 1   fill in the blank 2     b. Is the change in the asset turnover ratio from 20Y2 to 20Y3 favorable or unfavorable?

Horizontal Analysis The comparative temporary investments and inventory balances of a company follow.   Current Year Previous Year Accounts payable $55,200 $46,000 Long-term debt   46,716   68,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?   Amount of Change Increase/Decrease Percentage Accounts payable $fill in the blank 1   fill in the blank 3% Long-term debt $fill in the blank 4   fill in the blank 6%

Fixed Asset Turnover Ratio Financial statement data for years ending December 31 for Dennis Company follow: Year 2 Year 1 Sales $4,521,000 $3,960,000 Fixed assets: Beginning of year 1,140,000 1,060,000 End of year 1,600,000 1,140,000 a, Determine the fixed asset turnover ratio for Year 1 and Year 2. Round your answers to one decimal place. Fixed asset turnover Year 1 Year 2 b. Does the change in the fixed asset turnover ratio from Year 1 to Year 2 indicate a favorable or an unfavorable change? Check My Work Save an 31 tv MacBook Air DII DD F7 F2 F3 F4 F5 F6 F8 F9 F10 #3 2$ 3 8. W R Y U < cO

Asset turnover A company reports the following: Sales $724,200 Average total assets 426,000 Determine the asset turnover ratio. If required, round your answer to one decimal place.fill in the blank 1

fill out the missing blank Billy’s BBQ reported sales of $750,000 and net income of $29,500. Billy’s also reported ending total assets of $497,000 and beginning total assets of $390,000.  Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Billy's BBQ.

Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company: Balance Sheet as of December 31, 2019 (Thousands of Dollars) Cash $ 240,000 Accounts payable $ 600,000 Receivables 1,575,000 Notes payable 100,000 Inventories 1,135,000 Other current liabilities 560,000 Total current assets $2,950,000 Total current liabilities $1,260,000 Net fixed assets 1,315,000 Long-term debt 400,000 Common equity 2,605,000 Total assets $4,265,000 Total liabilities and equity $4,265,000 Lozano Chip Company: Income Statement for Year Ended December 31, 2019 (Thousands of Dollars) Sales $7,500,000 Cost of goods sold 6,375,000 Selling, general, and administrative expenses 943,000 Earnings before interest and taxes (EBIT) $ 182,000 Interest expense 40,000 Earnings before taxes (EBT) $ 142,000 Federal and state income taxes (25%) 35,500 Net income $ 106,500 a. Calculate the indicated ratios for Lozano. Do not round intermediate calculations. Round your answers…