Question
(analyzing operating return on assets) The D.A. Winston corporation earned an operating profit margin of 10.4 percent based on sales of $10.4 percent based on
(analyzing operating return on assets) The D.A. Winston corporation earned an operating profit margin of 10.4 percent based on sales of $10.4 percent based on sales of $10.1 million and total assets of $5.7 million last year.
a. What was winston's total asset turnover ratio?
b. During the coming year the company president has set a goal of attaining a total asset turnover of 3.2. How much must firm sales, other things being the same, for the goal to be achieved?
c. what was winston's operating return assets last year? assuming the firm's operating profit margin remains the same, what will the operating return on assets be next year if the total asset turnover goal is achieved?
a. what was winston's total asset turnover ratio?
b during the coming year the company president has set a goal of attaining a total asset turnover of 3.2. How much must firm sales rise, other things being the same, for the goal to be achieved?
The needed sales growth is =
the percentage increase in sales is =
c. what was winston's operating return on assets last year?
Assuming the firm's operating profit margin remains the same, what will the operating return on assets be next year if the total asset turnover goal is achieved?
Next year's operating return on assets will be =
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