Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

Luna Ltd reports operating profit after tax of $10,000 and net sales revenue of $100,000. The company's asset turnover ratio is $1.25. What is Luna

Luna Ltd reports operating profit after tax of $10,000 and net sales revenue of $100,000. The company's asset turnover ratio is $1.25. What is Luna Ltd's Return on Assets ratio?

10.0 %

12.5 %

20.0 %

15.0 %

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

Cost Accounting A Managerial Emphasis

Authors: Charles T Horngren

5th Edition

0131796712, 978-0131796713

More Books

Students also viewed these Accounting questions

Question

★★★★★

The required rate of return for Ola Industries is 15.75 percent. The stock pays a current dividend of $1.30, and the expected growth rate is 11 percent. Calculate the estimated price.

Answered: 1 week ago

Question

★★★★★

=+4-12. In the heating seasons the heat loss from a building (and thus the heating cost) is strongly dependent on the difference between the indoor and outdoor temperature. If the average out- door...

Answered: 1 week ago

Question

★★★★★

2.24 Packaging Hamburger Meat The data listed here are the weights (in kilograms) of 27 packages of ground beef in a supermarket meat display: a. Construct a stem and leaf plot or a relative...

Answered: 1 week ago

Question

★★★★★

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total...

Answered: 1 week ago

Question

★★★★★

NO excel please explain everything Question 4: Introduction to Risk and Return (25 marks) (i). Suppose you have $20,000 to invest in two securities: Spot and Dot. After you have done an extensive...

Answered: 1 week ago

Question

★★★★★

Fixed expenses: Advertising, salaries, and other fixed $600,000 out-of-pocket costs . . . . . . . . . 600,000 Depreciation . ... . . . . . . . .... 1,200,000 Total fixed expenses . .... $ 300,000 Net...

Answered: 1 week ago

Question

★★★★★

Acme Pty Ltd is a company involved in residential property development in southern Sydney. Acme purchases older style properties and then demolishes the houses and converts the properties into...

Answered: 1 week ago

Question

★★★★★

evaluate Davis and Inajimas (2021) article and critically discuss the contributions of current research within the fields of management accounting

Answered: 1 week ago

Question

★★★★★

While driving his vehicle, Herb approaches a red stoplight but his brakes do not respond when he presses on the brake pedal. As a result, the front of Herb's car hits the rear of Clara's car. Clara's...

Answered: 1 week ago

Question

★★★★★

If you can help with me with all the questions. Please & Thank you Chapter 1 What Economics is About & Appendix A: Pre-Class & In-Class Activities Packet Name/I.D. Number:_ Section: Date: Part 1....

Answered: 1 week ago

Question

★★★★★

The company sold $900,000 of products on account [The product cost was $600,000}. It subsequently collected 90% of the amount owed by customers, The company paid the account payable balance in...

Answered: 1 week ago

Question

★★★★★

Why does the HR manager need to be a strategic partner with top management?

Answered: 1 week ago

Question

★★★★★

Employees who accept the buyout offer will receive 2 weeks of severance pay for each year of service. Of the total who accepted the buyout (carefully consider your answer to Question 4-22), 20...

Answered: 1 week ago

Question

★★★★★

5.2 Summarize the environment of recruitment.

Answered: 1 week ago

Previous Question Next Question