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Use the information to solve the questions Revenue Cost of goods sold Interest expense Income tax expense Net income Current assets (ending balance) Long-term assets
Use the information to solve the questions
Revenue Cost of goods sold Interest expense Income tax expense Net income Current assets (ending balance) Long-term assets (ending balance) Total assets (ending balance) Current liabilities (ending balance) Long-term liabilities (ending balance) Total liabilities (ending balance) Preferred dividends Total stockholders' equity (ending balance) Total outstanding shares Market price of shares Average inventory Average assets (excluding long-term investments) Average total assets Average total stockholders' equity 2021 2020 2019 2018 640,320.00 441,600,00 320,000.00 10,901,977.24 7,508,199.16 5,727,216.00 3,941,696.00 2,061,536.40 1,374,357.60 1,025,640.00 683,760.00 1,052,060,00 891,576.00 768,600.00 610,000.00 1,225,572.00 845,222.00 5,571,720.00 3,714,480.00 2,772,000.00 1,848,000,00 1,400,000.00 11,751,396.40 9,039,535.60 68,480,133.20 5,035,392.00 4,060,800.00 17,627,094.60 13,559,303.40 102,720,199.80 7,553,088.00 6,091,200.00 29,378,491.00 22,598,839.00 171,200,333.00 12,588,480.00 10,152,000.00 4,173,933.01 3,701,510.80-63,272,288.24 2,323,321.73 2,093,167.20 6,498,357.99 5,762,848.20 98,508,044.76 3,617,158.27 3,258,832.80 10,672,291.00 9,464,359.00 161,780,333.00 5,940,480.00 5,352,000.00 243,180.60 170,748,24 122,460.00 86,424,00 62,400.00 9,420,000.00 6,648,000.00 4,800,000.00 2,500,000.00 2,500,000.00 18,706,200.00 13,134,480.00 2,500,000.00 2,500,000.00 13.50 12,84 3,092,304.60 2,061,536.40 14,101,675.68 10,847,442.72 25,988,665.00 19,859,586.00 15.920,340.00 11.277.240.00 12.22 11.63 1,538,460.00 1,025,640.00 2017 3,011,800.00 518,000.00 500,000.00 2,500,000.00 11.06 777,000.00 82,176,159.84 6,042,470.40 14,854,406.00 11,370,240.00 8,676,000.00 8,034,000.00 5,724,000.00 4,100,000.00 4,872,960.00
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To calculate Asset Turnover for 2019 using the corrected amount we need to first calculate the corrected Average Assets excluding longterm investments ...Get Instant Access to Expert-Tailored Solutions
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