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Financial information for Lightyear Inc. for the fiscal year ended January 30 from a recent annual report follows. Average fixed assets $890.400 Revenues $5.125.000 Asset
Financial information for Lightyear Inc. for the fiscal year ended January 30 from a recent annual report follows.
Average fixed assets $890.400
Revenues $5.125.000
Asset turnover 1.32
Return on assets 0.082
a. Compute average total assets
Note: Round to the nearest whole dollar .
b. Compute net income.
Note: Round to the nearest whole dollar
c. Compute fixed asset turnover.
Note: Round to the nearest whole dollar
Numerator:
Denominator:
Result Fixed asset turnover:
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