Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in millions): Balance sheets. Property, plant, and equipment (net) Income statement Net sales for 2020 Required: 1. Calculate the company's 2020 fixed-asset turnover ratio. Note: Enter your answers in millions of dollars. Choose Numerator: 2020 $1,674 $ 10,918 1 1 Fixed asset Tumover Ratio Choose Denominator: -2019 $1,404 Fixed asset Turnover Ratio Fixed-asset Turnover Ratio times

Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its financial statements for the fiscal year ending January 26, 2020 ($ in millions): Balance sheets. Property, plant, and equipment (net) Income statement Net sales for 2020 Required: 1. Calculate the company's 2020 fixed-asset turnover ratio. Note: Enter your answers in millions of dollars. Choose Numerator: 2020 $1,674 $ 10,918 1 1 Fixed asset Tumover Ratio Choose Denominator: -2019 $1,404 Fixed asset Turnover Ratio Fixed-asset Turnover Ratio times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financlal data (in millions) In its annual report: 2018 2019 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 in 2017, calculate the company's: (a) return on assets (round answers to one decimal place - ex: 10.79%6) (b) asset turnover for 2018 and 2019 (round answers to two decimal places) 2018 2019 a. Return on Assets Ratio 96 96 b. Asset Turnover Ratio Check O Prevlous Save Answers
An abbreviated set of financial statements for Caraba's Company for 2020 and 2019 is shown below: Caraba's Company Income Statement For the Year Ended December 31, 2020 Sales $553,000 Investment income 26,000 Gain on sale of investments 3,500 $582,500 Less: Selling & administrative expenses $221,600 Depreciation expense 15,000 Interest expense 3,900 Income taxes expense 6,500 247,000 Net Income $335,500 Comparative Balance Sheets December31 2020 2019 Cash $209,000 $49,900 Accounts receivable 160,300 63,700 InvestmentS 117,000 126,100 Equipment (net) 146,200 80,400 Land 312,000 276,300 T-kal ^sssts E044 500
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