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Categories Values: Sales $50,800,000 Cost of goods sold $25,400,000 Variable expenses $ 8,350,000 Fixed expenses $ 8,420,000 Inventory $ 6,210,000 Accounts receivable $ 3,280,000
Categories Values: Sales $50,800,000 Cost of goods sold $25,400,000 Variable expenses $ 8,350,000 Fixed expenses $ 8,420,000 Inventory $ 6,210,000 Accounts receivable $ 3,280,000 Other current assets $ 4,280,000 Fixed assets $24,000,000 Financial leverage 1.607 1. What is the asset turnover? 2. What is return on net worth? (Do not round intermediate calculations and round final answer to 2 decimal places) 3. What is the size of total assets for the firm? (Omit $ in your answer) 4. What is the Return on Assets (ROA)? (Do not round intermediate calculations. Round final answer to 2 decimal places.) 5. The managers of the firm claim that the return on net worth for the firm is 61.7. If the return on assets is 22.34, then what financial leverage is required to achieve this return? (Round your answer to 2 decimal places.)
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