Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

9:28 ..ILTED Done MBA 5010 Week 8 Assignment rev 2.do... Part A (25 points) Based on the balance sheet and income statement for Tonka Trucking

image text in transcribed
image text in transcribed
9:28 ..ILTED Done MBA 5010 Week 8 Assignment rev 2.do... Part A (25 points) Based on the balance sheet and income statement for Tonka Trucking LLC, calculate the following ratios: Question 1 - Total Asset Turnover Respond here Question 2 - Gross Profit Margin Respond here Question 3 - Debt to Asset Ratio Respond here Question 4 - Net Profit Margin Respond here Question 5 - Calculate and then explain Tonka's unusually high Return on Equity Respond here Tonka Trucking LLC - Balance Sheet Current Assets Cash 550.000 Accounts Receivable Total Current Aucts $100,000 Fixed Assets Gross 00.00 Accumulated Dupreciation ($200,000) Net Equipment Total Fixed Ant loomlaal Current Liabilities Accounts Payable Total Cument Liabilities Los temes Long-tem Debt Tocal Lengterm Lines $50,000 30.000 SIM, 550.000 Owner's Equity Common Stock (1,000 shares) Retained Ramings Total Owner's quity $390,00 Total Liabilities and Owner's Equity SAMO 9:28 ..ILTED Done MBA 5010 Week 8 Assignment rev 2.do... Respond here Question 3 - Debt to Asset Ratio Respond here Question 4 - Net Profit Margin Respond here Questions - Calculate and then explain Tonka's unusually high Return on Equity Respond here Taska Trucking LLC - Balance Sheet 550,000 Current Assets Accounts Receivable Total Cum Aucts Fixed Assets Accued Depreciation (5200,000) Net Equipment Total Fixed Assets Les and Owners Equity Current Liabilities Accounts Payable Total Current Lights Long-termes Long-term Debt Tocal Lengtomis 500 $50,000 550,000 S180,000 $100,000 Owner's Equity Common Stock (1,000 shares) Retained amings Total Owner's quity Teak Tracking LLC Income Sulement Cost of Goods Sold Grow Profile Selling General and Administrative Expenses (5100.000) Depreciation Expense (550.000 Earnings Before Interest and Teses (EBIT) Interest Expo Income Tax Expo Net Income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

5th Edition

0130906999, 978-0130906991

More Books

Students explore these related Accounting questions

Question

=+ What graphics could stop the viewer?

Answered: 3 weeks ago