The following information is available for Coulibaly Company:
Year 2Year 1Total sales$16,70012,800Total assets:Beginning of year3,6002,700End of year12,5004,200Calculate the asset turnover ratio for Coulibaly Company for Year 1 and Year 2.
What will be an ideal response?
Asset turnover ratio: Year 1 is 3.7 and Year 2 is 2.1.
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Joan is a 30 percent partner in the OJT Partnership when she sells her entire interest to Crissy for $100,000 cash. At the time of the sale, Joan's basis in OJT is $63,000 (which includes her $10,000 share of OJT liabilities). OJT does not have any hot assets. What is the amount and character of Joan's gain or loss on the sale?
What will be an ideal response?
Give a detailed example of an effective ethics assist line.
What will be an ideal response?
Marshall Corporation incurred costs for materials and labor needed to manufacture its products. These costs are examples of:
A. Balance sheet costs. B. Period costs. C. Capitalized costs. D. General costs. E. Product costs.
The preapproach is the first step in the personal selling process.
Answer the following statement true (T) or false (F)