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Financial information for My Motto Inc. for the scal year ended January 30 from a recent annual report follows ($ thousands except for ratios). Average
Financial information for My Motto Inc. for the scal year ended January 30 from a recent annual report follows ($ thousands except for ratios).
| Average fixed assets | $805,645 |
| Revenues | $5,790,402 |
| Asset turnover | 1.48237 |
| Return on assets | 0.07895 |
a. Compute average total assets. Note: Round your answer to the nearest whole dollar. $Answer b. Compute net income. Note: Round your answer to the nearest whole dollar. $Answer c. Compute fixed asset turnover. Note: Round your answer to the nearest whole dollar.
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