A company has net income of $130,500. Its net sales were $1,740,000 and its average total assets were $2,750,000. Its total asset turnover equals 4.7%.
Answer the following statement true (T) or false (F)
False
Asset turnover = $1,740,000/$2,750,000 = 0.63 or 63%
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Differentiation means that the firm's marketing mix is similar to its competitors' mixes.
Answer the following statement true (T) or false (F)
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping Corporation's voting shares, at underlying book value. Plimsol accounts for its investment in Shipping at cost. Shipping's retained earnings was $75,000 on the date of acquisition. On December 31, 20X4, the trial balance data for the two companies are as follows: Plimsol Co.Shipping Corp.ItemDebitCreditDebit Credit Current Assets$100,000 $75,000 Depreciable Assets (net) 200,000 150,000 Investment in Shipping Corp. 125,000 Other Expenses 60,000 45,000 Depreciation Expense 20,000 15,000 Dividends Declared 25,000 15,000 Current Liabilities $40,000 $25,000 Long-Term
Debt 75,000 50,000 Common Stock 100,000 50,000 Retained Earnings 150,000 75,000 Sales 150,000 100,000 Dividend Income, Shipping Corp. 15,000 $530,000 $530,000 $300,000 $300,000 Based on the information provided, what amount of total liabilities will be reported in the consolidated balance sheet prepared on December 31, 20X4? A. $115,000 B. $190,000 C. $125,000 D. $525,000
What is the term associated with how flat or peaked a distribution appears?
a.Ogive b.Skewness c.Kurtosis d.Variability
Indicate whether each of the following statements is true or false.If two capital investments both have positive net present values, both offer an actual rate of return that is higher than the required rate of return. ______Company M has two potential capital investments, each of which has a positive net present value. M can only accept one of the investments. In this situation, it should always accept the project that has the higher net present value. ______Net present value is calculated by dividing the present value of cash inflows by the present value of cash outflows associated with a capital investment. ______The present value index can be used to compare different capital investment projects. ______The higher the present value index, the lower the rate of return per dollar
invested in the project. ______ What will be an ideal response?