Felton Farm Supplies, Inc., has an 8 percent return on total assets of $300,000 and a net
Question:
Felton Farm Supplies, Inc., has an 8 percent return on total assets of $300,000 and a net profit margin of 5 percent. What are its sales?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Computaiton of the Net Sales Given information ROI or ROA 008 Total Assets 3000...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
Question Posted:
Students also viewed these Finance questions
-
Bryley, Inc. earned a net profit margin of 5 percent last year and had an equity multiplier of 3.0. If its total assets are $100 million and its sales are $150 million, what is the firms return on...
-
Return on total assets can be separated into two important components. 1. Write the formula to separate the return on total assets into its two basic components. 2. Explain how these components of...
-
Return on total assets (ROA) is a common measure of profitability. The historical average is about 7.0 percent. The historical yield on corporate bonds is about 6.6 percent. Why is the ROA so low?...
-
Suppose you have a consumer that calls the lion() method within a Lion service. You have four distinct modules: consumer, service locator, service provider, and service provider interface. If you add...
-
The unit cell for Cr2O3 has hexagonal symmetry with lattice parameters a = 0.4961 nm and c = 1.360 nm. If the density of this material is 5.22 g/cm3, calculate its atomic packing factor. For this...
-
K Company purchased 100 shares of J Company for $50 per share. K Company owns 5% of J Company. Which of the following included when recording the investment in J Company on K Company's balance sheet?...
-
Presentation of comprehensive income must be reported under IFRS in: (a) the statement of stockholders equity. (b) the income statement ending with net income. LO15 (c) the notes to the financial...
-
Listed below are amounts of strontium-90 (in millibecquerels, or mBq, per gram of calcium) in a simple random sample of baby teeth obtained from Pennsylvania residents and New York residents born...
-
int In your worksheet, enter this new data in the cells for Job 407. What is the new selling price for Job 408? (Round your final answer to 2 decimal places.) ences Selling price for Job 408 3....
-
1) While over the long run, the U.S. economy grows about 2 to 3% per year on average, over the shorter term, the economy goes through business cycles. Think about the growth rate of GDP, the...
-
Determine a firm's total asset turnover (TAT) if its net profit margin (NPM) is 5 percent, total assets are $8 million, and ROI is 8 percent.
-
Assume you are given the following ratios: Assets turn over = 1.5x Return on assets = 3% Return on equity = 5% 1. How much is the Profit Margin? 2. How much is the Debt Ratio?
-
Two point charges are fixed 4.0 cm apart from each other. Their charges are Q1 = Q2 = 6.5 C and their masses are m1 = 1.5 mg and m2 = 2.5 mg. (a) If Q1 is released from rest, what will be its speed...
-
Spitfire Company makes and sells three products: A, B, and C. The following data relate to these products: A B Demand in units Selling price per unit 110 100 90 $180 $210 $195 Raw material costs per...
-
NCF & Partners (NCF) is a firm of CPAslocated in Whitby that has been in business for 20 years. NCF's revenue has declined steadily over the past few years. The partners are looking for ways...
-
Task 4.2Written report Describe how you will present the menu to customers, for example, folders, covers, boards or binding. Include details of colour schemes, pictures, icons, logos, symbols and...
-
The American company "Amazonian", leader in food distribution, is starting operations in Brazil. They just hired a group of new managers who will lead several branches of the company in different...
-
1; Assume you are in charge of fundraising for an organization on your campusa social fraternity or sorority, a business fraternity, or any other such organization. It is your job to identify a...
-
Applying the Cost of Goods Sold Model Charest Company has the following data for 2018. \section*{Required:} 1. How many units were sold? 2. Using the cost of goods sold model, determine the cost of...
-
Identify the tax issues or problems suggested by the following situations. State each issue as a question. Jennifer did not file a tax return for 2007 because she honestly believed that no tax was...
-
A promise has no legal value as consideration. (True/False)
-
What is the relationship between management by exception and variance analysis?
-
What are two possible sources of information a company might use to compute the budgeted amount in variance analysis?
-
Distinguish between a favorable variance and an unfavorable variance?
-
Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek Co. as of May 1, 2019 (unless otherwise indicated), are as follows:...
-
1-When accounting for an acquisition, goodwill is the difference between what two things? 2- What factors should be considered when deciding whether an acquisition should be financed with cash or...
-
What is the main friction Fluidity aims to address? REAL STATE
Study smarter with the SolutionInn App