Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

Elizabeth Tailors Inc. has assets of $8,160,000 and turns over its assets 2.2 times per year. Return on assets is 18.5 percent. What is the

Elizabeth Tailors Inc. has assets of $8,160,000 and turns over its assets 2.2 times per year. Return on assets is 18.5 percent. What is the firms profit margin (returns on sales)?

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

Management Accounting

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

6th Edition

0077185536, 978-0077185534

More Books

Students also viewed these Accounting questions

Question

★★★★★

Hepner Corporation has the following stockholders' equity accounts: Preferred stock (6% cumulative dividend) . . . . . . . . . $500,000 Common stock . . . . . . . . . . . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

Justify each answer. (T/F) If A is diagonalizable, then the columns of A are linearly independent.

Answered: 1 week ago

Question

★★★★★

Let {N(t), t 0} be a Poisson process with rate that is independent of the nonnegative random variable T with mean and variance 2. Find (a) Cov(T, N(T )), (b) Var(N(T )).

Answered: 1 week ago

Question

★★★★★

1. Develop a multiple regression equation using unemployment rate and average monthly temperature to predict emergency road service calls. 2. Create a new temperature variable and relate it to...

Answered: 1 week ago

Question

★★★★★

QUESTION 30 Give an example of one element that is used in governmental fund financial statements, that is NOT used at all, or is used very differently, in business financial statements. Say what is...

Answered: 1 week ago

Question

★★★★★

Question. Should Smith receive the Job offer. Why or why not? Case: Marita Smith works as a data entry clerk in a government department that is undergoing downsizing. Smith, who is severely hearing...

Answered: 1 week ago

Question

★★★★★

What is stereotyping? Give an example of how stereotyping can create perceptual distortion.

Answered: 1 week ago

Question

★★★★★

The calibration of a scale is checked by weighing a standard $10 \mathrm{~g}$ weight 100 times. Let $\mu$ be the population mean reading on the scale, so that the scale is in calibration if...

Answered: 1 week ago

Question

★★★★★

lw is the instruction with the longest latency on the CPU from Section 4.4. If we modified lw and sw so that there was no offset (i.e., the address to be loaded from/stored to must be calculated and...

Answered: 1 week ago

Question

★★★★★

Hugo Boss AG is a German designer, manufacturer, and distributer of mens and womens clothing, operating in the higher end of the clothing retail industry. During the period 20042017, the company...

Answered: 1 week ago

Question

★★★★★

Refer to the Journal of Engineering for Gas Turbines and Power (Jan. 2005) study of a high-pressure inlet fogging method for a gas turbine engine, Exercise 11.25. Consider, again, the first-order...

Answered: 1 week ago

Question

★★★★★

You are the manager of a fast-food store. Part of your job is to report to the boss at the end of each day which special is selling best. Use your vast knowledge of descriptive statistics to write...

Answered: 1 week ago

Question

★★★★★

TRW wanted a consistent system it could use globally. A study similarly found that large multinational companies from the United States, Holland, Japan, Korea, and Taiwan used the same performance...

Answered: 1 week ago

Question

★★★★★

Briefly discuss what an interviewer can do to improve his or her interviewing performance.

Answered: 1 week ago

Question

★★★★★

Why do you think situational interviews yield a higher mean validity than do job-related or behavioral interviews, which in turn yield a higher mean validity than do psychological interviews?

Answered: 1 week ago

Previous Question Next Question