Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

Debt to assets ratio of 3.4

image text in transcribed

Assets turnover ratio of 2.3

image text in transcribed

Assets turnover ratio of 0.3

image text in transcribed

Debt to assets ratio of 0.4

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

Information Technology Auditing

Authors: Hall, J Scott Harr

3rd Edition

1133008046, 978-1439079119

More Books

Students also viewed these Accounting questions

Question

What is meant by 'Wealth Maximization ' ?

Answered: 1 week ago

Question

=+beliefs about the brand, product, or service?

Answered: 1 week ago

Question

=+4. Did your message properly reflect the brand's image?

Answered: 1 week ago