Question
Intanke Inc. manufactures vacuum cleaners. The following information is available for the company. Per unit cost Sales $550 Variable expenses 370 The fixed expenses are
Intanke Inc. manufactures vacuum cleaners. The following information is available for the company. Per unit cost Sales $550 Variable expenses 370 The fixed expenses are $95,000. Calculate the net operating income for 750 vacuum cleaners.
$135,000
$35,000
$40,000
$595,000
The financial manager of a company needs to measure
how efficiently the companys total assets are being used to generate sales. From the information given below, calculate the relevant ratio he needs for this purpose.
Cash | $220,000 |
Accounts receivable | 1,800,000 |
Inventory | 950,000 |
Plant and equipment | 1,330,000 |
Sales | 10,000,000 |
Debt to assets ratio of 3.4
Assets turnover ratio of 2.3
Assets turnover ratio of 0.3
Debt to assets ratio of 0.4
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