Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

The following information is available for the ThompsonCompany: Sales for year $1,000,000 Average invested capital for year $500,000 Return on investment 10% What is the

The following information is available for the ThompsonCompany:

Sales for year $1,000,000

Average invested capital for year $500,000

Return on investment 10%

What is the capital turnoverratio?

0.50

0.35

2.00

0.10

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

Accounting Information Systems Controls And Processes

Authors: Leslie Turner, Andrea B Weickgenannt, Mary Kay Copeland

4th Edition

1119577810, 9781119577812

More Books

Students also viewed these Accounting questions

Question

★★★★★

On January 2, 2014, Yardley Company sold a plant to Ivory Inc. for $1,500,000. On that date, the plants carrying cost was $1,000,000. Ivory gave Yardley $300,000 cash and a $1,200,000 note, payable...

Answered: 1 week ago

Question

★★★★★

2. Structurally, the VSMC practices what it preaches by aligning its work around three value streams. What are they?

Answered: 1 week ago

Question

★★★★★

compare the factors associated with sickness absence and sickness presence;

Answered: 1 week ago

Question

★★★★★

Stockholders equity for Channa Co. on December 31 was as follows: Preferred stock, $14 par, 25,000 shares issued and outstanding . . . . . . . . $ 350,000 Paid-in capital in excess of parpreferred...

Answered: 1 week ago

Question

★★★★★

The lessor must calculate how much the lessee must pay in a way that guarantees the minimum expected profit. Assume that the landlord will require the tenant to pay in advance. Use the following data...

Answered: 1 week ago

Question

★★★★★

2. Find the Taylor polynomial of degree three approximating the given function centered at the given points. a. f(x) = x at a = 4 b. f(x) = cos(2x) at = . [5] [5] 3. Find the Taylor polynomial of...

Answered: 1 week ago

Question

★★★★★

Customer Service E-mail You recently paid $250 to Keller & Jenkins for adding a provision in your will to establish a scholarship endowment at your alma mater. While eating lunch in a crowded...

Answered: 1 week ago

Question

★★★★★

1. When a member with a minority interest in an LLC acquires enough ownership interests in the LLC to hold a majority interest: a. a change of ownership occurs b. reassessment of the entire parcel of...

Answered: 1 week ago

Question

★★★★★

13) On December 31, 2023, Vivid Corporation prepared adjusting entries that included the following items: Depreciation expense: $43,400. Accrued sales revenue: $40,600. Accrued expenses: $16,800....

Answered: 1 week ago

Question

★★★★★

Accounting for Gift Cards Assume Ikeo Inc. sold $160,000 of gift cards during the last two weeks of December 2020. No gift cards were redeemed in 2020, while $144,000 of the gift cards were redeemed...

Answered: 1 week ago

Question

★★★★★

Continue Mini Case 1 (the Accounting Cycle Part 1), the following information is available for FastForward in September that may need adjustments.1 1. By the end of September, FastForward has...

Answered: 1 week ago

Question

★★★★★

7. Imagine yourself in a future situation that you know you do not thrive in. Try to bring with you that feeling of satisfaction from task 6 in the future uncomfortable situation. a. Highlight three...

Answered: 1 week ago

Question

★★★★★

1. Maintain my own perspective and my opinions

Answered: 1 week ago

Question

★★★★★

2. See things from the other persons perspective (1 is oriented towards an inner source of inspiration, while 2 is oriented towards an outer source of motivation). d. Reflection style: When I really...

Answered: 1 week ago

Previous Question Next Question