Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 17, 2024

A company reports the following: Sales $7,868,280 Average total assets 1,356,600 Determine the 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

Sound Investing, Chapter 21 - Cash From Operations Cons

Authors: Kate Mooney

1st Edition

0071719431, 9780071719438

More Books

Students also viewed these Accounting questions

Question

★★★★★

A variable of two populations has a mean of 7.9 and a standard deviation of 5.4 for one of the populations and a mean of 7.1 and a standard deviation of 4.6 for the other population. Moreover, the...

Answered: 1 week ago

Question

★★★★★

In the context of the company's business environment, are the 3 phases of change described in the case ill- or well-conceived?

Answered: 1 week ago

Question

★★★★★

develop an understanding of basic intervention concepts and approaches;

Answered: 1 week ago

Question

★★★★★

As she headed toward her boss's office, Emily Hamilton, chief operating officer for the Aerocomp Corporation-a computer services firm that specialized in airborne support-wished she could remember...

Answered: 1 week ago

Question

★★★★★

Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $80 per unit. Variable expenses are $40.00 per unit, and fixed expenses total $160,000 per year. Required: Answer the...

Answered: 1 week ago

Question

★★★★★

On June 12, Crane Company returned $730 of merchandise previously purchased from Larkspur Produce on account. Prepare the journal entry to record the return on Crane Company's books. Crane uses a...

Answered: 1 week ago

Question

★★★★★

Michael participates in several motocross races. He has won 8 more silver medals than gold medals. The number of bronze medals he has won is half that of the silver medals. If he has won 27 medals in...

Answered: 1 week ago

Question

★★★★★

Which of the following items is reported in accumulated other comprehensive income? Cumulative foreign exchange translation loss Unrealized foreign exchange transaction gains Foreign exchange...

Answered: 1 week ago

Question

★★★★★

a. The owner invested $17,800 cash in the company. b. The company purchased supplies for $1,200 cash. c. The owner invested $11,400 of equipment in the company in exchange for more common stock. d....

Answered: 1 week ago

Question

★★★★★

Fara wants to buy a new smartphone and is willing to pay $800 based on her preferences and budget. She finds the phone on sale for $600, and she decides to purchase it. What does the difference...

Answered: 1 week ago

Question

★★★★★

( b ) Martha approaches Maria Swanepoel of Swanepoel Inc., an attorney at law practicing in the Pretoria East area to assist her with her claim for damages resulting from her dispute with Joseph. The...

Answered: 1 week ago

Question

★★★★★

Explain why you agree or disagree with this statement.

Answered: 1 week ago

Question

★★★★★

4. Results. Probably most important, ask, What results did we achieve, in terms of the training objectives previously set? For example, did the number of customer complaints diminish? Reactions,...

Answered: 1 week ago

Question

★★★★★

1. In your opinion, what voluntary employer-sponsored benefits should this company maintain, and which ones should they not maintain? Why? To stay competitive, many organizations today are choos-ing...

Answered: 1 week ago

Previous Question Next Question