On December 31, Harper, Inc., reported, on its year-end financial statements, the following (in millions):     Year 2 Year 1 Total assets $11,868 $11,968 Total sales $7,195 $7,194 Net income $692 $902   Calculate return on assets (ROA) for Year 2.

8A.  During the current year, Sokowski Manufacturing earned income of $342,385 from total sales of $6,375,343 and average capital assets of $10,106,928. What is the asset turnover? Round to the nearest to the hundredth, two decimal places and submit the answer in a percentage.

A company reports the following amounts at the end of the year: Total sales revenue = $560,000; sales discounts = $17,000; sales returns = $34,000; sales allowances = $20,000. Compute net revenues. Net revenues

Accounts Receivable and Inventory Ratios Bell Company had the following current assets at year-end: Cash $72,500 Short-term investments 123,500 Accounts receivable (net) 425,000 Inventory 500,000 Prepaid expenses 29,000 Current assets $1,150,000 The company had net sales for the year of $2,205,000 and cost of goods sold of $1,347,500.At the beginning of the year, Bell’s accounts receivable (net) were $352,000 and itsInventory was $429,000.a. What is the company’s accounts receivable turnover for the year? (Round to two decimal places.) Answer   b. What is the company’s average collection period for the year? (Round to one decimal place.) Answer   c. What is the company’s inventory turnover for the year? (Round to two decimal places.) Answer   d. What is the company’s days’ sales in inventory for the year? (Round to one decimal place.) Answer