+ 8. Determine the ROA for a retailer with the following information: COGS 71.8% Gross Margin...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
+ 8. Determine the ROA for a retailer with the following information: COGS 71.8% Gross Margin $12 571 560 Net Profit 5.5% $ 1,240,000 Current assets Total assets $17,800,000 $ Net Sales COGS Gross margin Expenses Profit Use the space below to outline your calculations: % + 8. Determine the ROA for a retailer with the following information: COGS 71.8% Gross Margin $12 571 560 Net Profit 5.5% $ 1,240,000 Current assets Total assets $17,800,000 $ Net Sales COGS Gross margin Expenses Profit Use the space below to outline your calculations: %
Expert Answer:
Answer rating: 100% (QA)
Answer Explanation iHere Cost of goods sold 718 and Gross Margin 12571560 ... View the full answer
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
For a retailer with inventory to sell, the acid-test ratio will be A) Less than the current ratio, thus providing a more stringent measure of liquidity. B) Greater than the current ratio, thus...
-
A few months after joining university, YOU got a casual job as a finance trainee in a financial firm via Work Integrated Learning which is part of your bachelors degree at Deakin University. You...
-
Total assets turnover 15 Gross profit margin on sales SalesCost of goods soldSales 25 Total liabilitiestoassets ratio 40 Quick ratio 080 Days sales outstanding based on 365day year 365 days Inventory...
-
Prepare journal entries for each of the following transactions: 1. Purchase equipment in exchange for cash of $22,400. 2. Provide services to customers and receive cash of $5,100. 3. Pay the current...
-
Clarissa Company has credit sales of $400,000 during 2010 and estimates at the end of 2010 that 2 percent of these credit sales will eventually default. Also, during 2010 a customer defaults on a...
-
Assume you work in the procurement department of a small aerospace parts manufacturer. Your company builds switches and relays used in airplanes to control heating and ventilation systems. The parts...
-
Calculation of Revenue from Cash Collection} Anderson Lawn Service provides mowing, weed control, and pest management services for a flat fee of \(\$ 140\) per lawn per month. During July, Anderson...
-
During 2014, William purchases the following capital assets for use in his catering business: New passenger automobile (September 30). $21,500 Baking equipment (June 30) 6,500 Assume that William...
-
Step by step solution Determine the value of x for the arithmetic sequence given by: x - 4 , 6, x, ... (2 marks) 16 - 14 6 + txt. 12 = - 14+ 10( 4-1 ) 16 10 -14 + 30 itm= 16
-
Under the decimal system of computing time worked at Timmerman Company, production workers who are tardy are "docked" according to the schedule shown below. Minutes Late in Ringing inFractional Hour...
-
Wilson Corp. issued $7,000,000 6% bonds on April 30 at face value. The bonds were dated January 1. The company pays interest on June 30 and December 31 of each year. How much will the buyer have to...
-
BAUMOL MODEL 1. Rosal Inc. is trying to determine its optimum average cash balance. The firm has determined that it will require P5,000,000 net new cash during the coming year. Converting securities...
-
Why elements such as manganese, chromium, and nickel can affect the solubility of carbon in the ferrite and the formation of cementite that resulting in changes to the final microstructure and...
-
A company's issued share capital consists of $ 2 0 0 , 0 0 0 in 5 0 c ordinary shares issued at a premium of 1 0 c per share. A dividend of 2 0 % is declared. what is the cash payable to shareholders...
-
2. Capillary rise. A 0.5cm diameter glass tube is inserted vertically into a mercury bath at 20C. The mercury makes a contact angle of 140 deg with glass. How deep is the capillary drop in the tube? (
-
Bennett Windows is a small company that installs windows. Its cost structure is as follows: Selling price from each window installation $900 Variable cost of each window installation $800 Annual...
-
System Analysis Assignment #3 create a DFD by using MS Word Drawing tool or MS Visio for the Exercises E on p. 219 of Chapter 5 for the video warehouse
-
Write the binomial probability in words. Then, use a continuity correction to convert the binomial probability to a normal distribution probability. P(x 110)
-
Give the journal entry for direct and indirect labor costs incurred. Explain how this transaction affects the accounting equation.
-
What are some reasons corporations issue stock dividends?
-
What questions should managers answer when considering special prices?
-
Statistical analysis of telephone calls A random sample of 50 long-distance phone calls was made by Crabbis Company in an effort to determine if restrictions should be placed on long distance...
-
Statistical process control using the means Chart Management of Y. Bee Hear grocery stores chain is concerned about the weekly maintenance costs reported by each of their fifteen stores in Southern...
-
Statistical process control using the ranges chart Refer to the data in Problem 22-16 above. Assume that management is concerned about the fluctuating weekly maintenance costs for each store....
Study smarter with the SolutionInn App