Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

could you solve these things? Asset turnover ratio helps inventors to understand how effectively businesses are using their assets to generate sales. Which business is

image text in transcribedcould you solve these things?

Asset turnover ratio helps inventors to understand how effectively businesses are using their assets to generate sales. Which business is likely to have low asset turnover? Select one: O A. Apparel boutiques OB. Utilities companies O C. Food catering businesses OD. Tertiary education institutes Resolute Bhd has a quick ratio of 1.2:1 and its current liabilities amount to RM200,000. If it purchased RM40,000 of inventory on credit, what will happen to the new quick ratio? Select one: O A. The effect cannot be determined OB. Lower O C. Higher OD. No change. The ratio is not affected by the transaction A firm has average total assets of $800,000 and average total liabilities of $200,000. If profit after tax is $120,000, what is its return on shareholders' funds? Select one: O A. 20% OB. 12.5% OC. 9% OD 8%

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

Step: 3

blur-text-image

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

Basel III, The Devil And Global Banking

Authors: D. Chorafas

2nd Edition

0230353770, 9780230353770

More Books

Students also viewed these Accounting questions

Question

2x Answered: 1 week ago

Answered: 1 week ago

Question

What appraisal intervals are often used in appraisal reviews?

Answered: 1 week ago

Question

What are the various alternatives?

Answered: 1 week ago