FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Need helparrow_forwardElizabeth Tailors Inc. has assets of $8,540,000 and turns over its assets 1.8 times per year. Return on assets is 16.5 percent. What is the firm's profit margin (returns on sales)? (Input your answer as a percent rounded to 2 decimal places.) Profit margin %6arrow_forwardUse the following information to complete the balance sheet below. Sales are $8.4 million, capital intensity ratio is 2.00 times, debt ratio is 55 percent, and fixed asset turnover is 1.20 times. (Enter your answers in millions of dollars rounded to 2 decimal places.)arrow_forward
- Dimeback Co. has total assets of $8,500,000 and a total asset turnover of 1.8 times. If the return on assets is 8.5 percent. Required: What is its profit margin? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Profit marginarrow_forwardWhat is the return on assets?arrow_forwardNeed help of Accounting Expertarrow_forward
- Answer the below Questionsarrow_forwardFirm B has accounts receivable of $5,000,000 and annual sales of $9,000,000. What is the firm's days sales outstanding (DSO)? Assume a 365-day year.arrow_forwardBaker Oats had an asset turnover of 1.8 times per year. a. If the return on total assets (investment) was 12 percent, what was Baker's profit margin? (Input your answer as a percent rounded to 1 decimal place.) Profit marginarrow_forward
- You have the following data for a company. What is the return on assets (ROA)? Return on equity = 15%; Earnings before taxes = $150,000; Total asset turnover = 1.8; Profit margin = 10.5%; Tax rate = 30%.arrow_forwardUse the following information to complete the balance sheet below. Sales are $8.7 million, capital intensity ratio is 2.00 times, debt ratio is 65 percent, and fixed asset turnover ratio is 1.20 times. Note: Enter your answers in millions of dollars rounded to 2 decimal places. Current Assets = ? Fixed Assets = ? Total assets = ? Total liabilities = ? Total equity = ? Total liabilities and equity = ?arrow_forwardBarry's BBQ had sales revenue for the year of $400 million and net income of $30 million. Total assets were $50 million at the beginning of the year, and $60 million at the end of the year. Required: Calculate the following ratios: (Do not round intermediate calculations. Round your answers to one decimal place.) 1. Return on assets ratio 2. Profit margin ratio 3. Asset turnover ratio Return on assets Profit margin Asset turnover % timesarrow_forward
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