Barry's BBQ had sales revenue for the year of $200 million and net income of $20 million. Total assets were $70 million at the beginning of the year, and $80 million at the end of the year. Calculate Barry's return on assets, profit margin, and asset turnover ratios (round to one decimal place).
What will be an ideal response?
| Return on assets | (dollars in millions)  ? | = 26.7% |
| Profit margin |  ? | = 10.0% |
| Asset turnover |  ? | = 2.7 times |
You might also like to view...
Each of the three categories of investments in debt and equity securities has similar accounting for all of the following transactions except
A) initial recording of cost. B) recognition of dividend and interest income. C) recognition of realized gains or losses on sales. D) recognition of unrealized holding gains and losses.
Medina Enterprises The following selected financial information is available for Medina for the year ended December 31, 2012. Net sales $450,000 Inventory, 1/1/12 $48,400 Cost of goods sold 299,500 Inventory, 12/31/12 49,670 Refer to the information provided for Medina Enterprises. Calculate Medina's days-in-inventory ratio
A) 58.98 days B) 60.53 days C) 39.77 days D) 59.76 days
The exercise value is also called the strike price, but this term is generally used when discussing convertibles rather than financial options.
Answer the following statement true (T) or false (F)
An economic recession increases demand for products and services.
Answer the following statement true (T) or false (F)