The following data are from annual reports of Jills Jewelry Company: Compute Jills total asset turnover ratio

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The following data are from annual reports of Jill€™s Jewelry Company:

Compute Jill€™s total asset turnover ratio for 2012 and 2011. What do these results suggest to you about Jill€™s JewelryCompany?

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.

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Financial Accounting

ISBN: 978-0073526881

6th Edition

Authors: Libby, Short

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Question Posted: Jul 26, 2012 02:46 AM

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The following data are from annual reports of Jills Jewelry Company: Compute Jills total asset turnover ratio

Question:

2012 2011 2010 Total assets Total liabilities Total stockholders' equity Sales revenue Net income 60,000 S53.000 14,000 41.000 1,000 42,000 147.000 40.000 6,000 35.000 130,000 25,000 46,000 156,000 51.000

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2011 2012 Total Asset Sales 147000 31 156000 28 Turnover Av...View the full answer

Financial Accounting

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