During 2019, Paola Corporation reported net sales of $3,500,000 and net income of $1,500,00O. Its balance sheet reported average total assets of $1,400,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover $ times
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During 2019, Paola Corporation reported net sales of $3,500,000 and net income of $1,500,000. Its
Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.)
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- Analyzing Fixed Assets Pitt reported the following information for 2018 and 2019: Required: Compute Pitts fixed asset turnover ratio and the average age of its fixed assets. ( Note: Round all answers to two decimal places.)During 2020, Riverbed Corporation reported net sales of $5,542,800 and net income of $1,560,000. Its balance sheet reported average total assets of $1,490,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover timesDuring 2022, Sunland Company reported net sales of $3,340,500 and net income of $1,410,000. Its balance sheet reported average total assets of $1,310,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover $ times %24
- During 2022, Concord Corporation reported net sales of $4,674,600 and net income of $1,400,000. Its balance sheet reported average total assets of $1,260,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnoverDuring 2020, Metlock, Inc. reported net sales of $2,850,900 and net income of $1,550,000. Its balance sheet reported average total assets of $1,290,000.Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.)During 2018, Ambiance Company reported net revenue of $3,255,000. The company reported net fixed assets of $840,000 on January 1, 2018 and net fixed assets of $1,020,000 on December 31, 2018.Required: Calculate the fixed asset turnover ratio. (Round your answer to one decimal place.)
- Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,450 and net income of $89. Its balance sheet also showed total assets at the beginning of the year of $24,590 and total assets at the end of the year of $23,300.Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover enter the asset turnover rounded to 2 decimal places times Return on assets enter the return on assets in percentages rounded to 2 decimal places %Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,400 and net income of $88. Its balance sheet also showed total assets at the beginning of the year of $24,580 and total assets at the end of the year of $23,300. Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover Return on assets times %Simson in 2019 reported net income of $2,934 billion, net sales of $71,879 billion, and average total assets of $38,215 billion. What is Simson asset turnover? What is its return on assets? (Round answers to 2 decimal places, e.g. 52.75 or 15.87%.) Asset turnover times, Return on assets %
- Barker, Inc. had reported the foilowing details for the year ended December 31, 2019 Net sales $26,550,000 Total assets 16,100,000 Total liabilities 10,200,000 The company's beginning total assets and liabilities were $15,700,000 and S8,200,000, respectively. Calculate the asset turnover ratio for 2019. (Round your answer to two decimal places.) mp.pd Cla Enr O A. 128 times B. 1.67 times OC. 1.93 times OD. 1.46 times Cla EnreAsset turnover Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow: 2019 2018 Sales $1,491,000 $1,196,000 Total assets: beginning of year 590,000 450,000 end of year 830,000 590,000 a. Determine the asset turnover for 2019 and 2018. Round your answers to one decimal place. 2019 2018 Ratio of sales to assets b. Does the change in the asset turnover from 2018 to 2019 indicate a favorable or an unfavorable trend?* Your answer is incorrect. During 2020, Wildhorse Co. reported net sales of $2,747,200 and net income of $1,330,000. Its balance sheet reported average total assets of $1,360,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover $ 2.0 times