Question
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 |
-
M&M Foods' total asset turnover in 2021 is _____.
a. 2.03
b. 0.72
c. 0.90
d. 1.85
-
M&M Foods' day's sales in inventory in 2021 is _____.
a. 102 days
b. 135 days
c. 83 days
d. 159 days
-
M&M Foods' profit margin in 2021 is _____.
a. 0.19
b. 19
c. 0.38
d. 38
-
M&M Foods' return on assets in 2021 is _____.
a. 0.17
b. 17
c. 48
d. 0.48
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