Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

A company reports the following: Sales $1,800,000 Average total assets (excluding long-term investments) 1,125,000 Determine the Ratio that measures how effectively a company uses its

A company reports the following:

Sales	$1,800,000
Average total assets (excluding long-term investments)	1,125,000

Determine the Ratio that measures how effectively a company uses its assets, computed as sales divided by average total assets.ratio of sales to assets. Round your answer to one decimal place.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Advanced Management Accounting

Authors: Tom Groot, Frank Selto

1st Edition

0273730185, 978-0273730187

More Books

Students also viewed these Accounting questions

Question

★★★★★

What are the key provisions of the ECOA? Why was such legislation necessary?

Answered: 1 week ago

Question

★★★★★

A quarter of your applications should be to programs where you meet the statistics of their recent admissions (i.e., last 2 years).

Answered: 1 week ago

Question

★★★★★

4. Investigate a volunteer opportunity within an area hospital or residential treatment center. Larger hospitals often have volunteer centers and allow some choice in the areas you work (e.g.,...

Answered: 1 week ago

Question

★★★★★

Prepare common-sized financial statements for Leslie Fay for the period 19871991. For that same period, compute for Leslie Fay the ratios shown in Exhibit 2. Given these data, which financial...

Answered: 1 week ago

Question

★★★★★

On July 1, 2016, Garden Works, Inc. issued $300,300 often-year,7% bonds for $304,500. The bonds were dated July 1, 2016, and semi- annual interest will be paid each December 31 and June 30. Garden...

Answered: 1 week ago

Question

★★★★★

Could i get some assistance with these questions ? Thank you. Numbers (4,6,7,8). Assess your understanding by trying some or all of these problems. Answers are included. Don't forget to use the...

Answered: 1 week ago

Question

★★★★★

Situation Roles: You = Account Manager at Amazon Para = Marketing Director at Blue Intelligence, Inc. Taylor = Your manager at Amazon Background: In addition to concerns over higher costs during your...

Answered: 1 week ago

Question

★★★★★

How can job costs be misrepresented? a.) Recording cost information for cost control. b.) Stating the level of completion to show performance. c.) Charging costs to the wrong jobs. d.) Assigning...

Answered: 1 week ago

Question

★★★★★

What are the major considerations for initiating a logistics alliance? In implementation? In maintenance?

Answered: 1 week ago

Question

★★★★★

Edward Lee manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 250-litre batch: 120.00 litres of grape concentrate...

Answered: 1 week ago

Question

★★★★★

Required information Exercise 2-23 (Algo) Analyzing a trial balance error LO P1 [The following information applies to the questions displayed below.] You are told the column totals in a trial balance...

Answered: 1 week ago

Question

★★★★★

1. Many inspirational speakers attempt to take the audience on an emotional journey. They try to erase cynicism and complacency and get employees fired up about their jobs. Do you think organizations...

Answered: 1 week ago

Question

★★★★★

2. Your goals play a key role in bringing purpose and direction to your life. Identify the short-term goals that are currently influencing your behavior. What long-term goals do you hope to achieve...

Answered: 1 week ago

Question

★★★★★

2. Lets assume you are a member of a productive team that has received considerable praise from top management. You learn that one member of the team has met with the manager who organized the team...

Answered: 1 week ago

Previous Question Next Question