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The following table gives the information for M&M Foods. The company currently pays out 20% of net income as dividends to stockholders. Answer Questions 2

The following table gives the information for M&M Foods. The company currently pays out 20% of net income as dividends to stockholders. Answer Questions 2 23.

2020

2021

Cost of goods sold

$3,670

$4,109

Cash

250

313

Depreciation

125

122

Interest expense

291

280

Current liabilities

717

1,051

Net fixed assets

4,006

4,123

Sales

5,831

6,423

Accounts receivable

1,092

1,162

Long-term debt

2,400

1,100

Inventory

1,495

1,521

New equity

0

250

Taxes

590

672

  1. M&M Foods' total asset turnover in 2021 is _____.

    a.

    2.03

    b.

    0.72

    c.

    0.90

    d.

    1.85

  2. M&M Foods' day's sales in inventory in 2021 is _____.

    a.

    102 days

    b.

    135 days

    c.

    83 days

    d.

    159 days

  3. M&M Foods' profit margin in 2021 is _____.

    a.

    0.19

    b.

    19

    c.

    0.38

    d.

    38

  4. M&M Foods' return on assets in 2021 is _____.

    a.

    0.17

    b.

    17

    c.

    48

    d.

    0.48

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