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$10.00 Payment Below are selected ratios for Manufacturers Corporation. Use this information to answer the following questions: Year 1 Year 2 Year 3 1. Net operating asset turnover 1.4 1.31 1.25 2. Inventory turnover 5.6 5.0 4.6 3. Accounts receivable turnover 12.1 11.9 12.1 4. Fixed assets turnover 1.3 1.29 1.29 5. Net operating profit margin 4.5% 4.6% 4.8% 6. Net operating assets/equity 2.10 1.98 1.77 7. EBIT/revenues 8.9% 8.6% 8.6% 8. Gross margin 20.1% 19.9% 19.8% 9. Income tax rate 35% 35% 35% a. Calculate return on net operating assets for all three years. Identify reasons for any changes. b. Calculate return on equity for all three years. Comment on changes.
Will the present value of your winnings using an interest rate of 13% be onehalf the present value of your winnings using an interest rate of 6.5%? Why or why not?
The accounting principle that requires important noncash financing and investing activities be reported on the statement of cash flows or in a footnote is the:
The accounting firm of T, W & S was engaged to perform an audit of Progate Manufacturing Company. During the course of the audit, T, W & S discovered that the company had overvalued its inventory by carrying the inventory on its books at the p..
During the year, Sereno Co. recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. At the end of its annual accounting period, the company must make three adjusting entries.
the molding department of kennett company has the following production data beginning work in process 25000 units 60
Seran Company has contacted Truckel Inc. with an offer to sell it 5,000 of the wickets for $18 each. If Truckel makes the wickets, variable costs are $11 per unit. Fixed costs are $12 per unit; however, $5 per unit is avoidable. Should Truckel mak..
psychology challenges our beliefs and prejudices. wilhelm wundt was the first person to announce that he intended toa
For the week in question, Marcia actually produced 1,050 units. In doing so, she purchased 4,000 pounds of material at a cost of $41,000 and used 4,100 pounds of materials. Direct laborers worked 3,000 hours and were paid $16,950. Variable overhea..
the primary objective in job order costing is to determine the cost of materials labor and factory overhead used to
connecticutinc. had the following long-term receivable account balances atdecember 31 2006. note receivable from sale
Englehart Company sells two types of pumps. One is large and is for commercial use
Discuss the nature of preventive controls that may be designed into an AIS. Give an example and explain how it may prevent fraud or abuse of the system.
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