User Account

All Pages

Calculate the profit margin on sales ratios for tatratea

Assignment Help Financial Accounting
Reference no: EM133055021

Question - The 2022 annual report of TatraTea Inc. contains the following information. Note the amount is in thousands of dollars.

December 31, 2022 December 31, 2021

Total assets $1,071,348 $787,167

Total liabilities 626,178 410,044

Consolidated sales 3,374,463 2,443,592

Net income 66,234 49,062

Required - Calculate the following ratios for TatraTea in 2022.

1. Asset turnover ratio

2. Rate of return on assets

3. Profit margin on sales

Reference no: EM133055021

Questions Cloud

Six exceptional systems of neu : 21st-century skills: Compare and contrast what the authors identify as 21st-century skills with what you would identify as 21st-century skills.
How much amortization of the discount is recorded : How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2021, through December 31, 2026
Find an operational definition for likert scale : Find a conceptual definition for: Promotion attractiveness in loyalty program
What is operations management : What is operations management, and what strategic role does it play?
Calculate the profit margin on sales ratios for tatratea : The 2022 annual report of TatraTea Inc. contains the following information. Calculate the Profit margin on sales ratios for TatraTea
Launch e-commerce startup : Please explain fresh ideas for using technology to launch e-commerce startup.
Prepare journal entries to record the transactions : The share issuance is underwritten. By 31 July, applications were received for 76 400 shares. Prepare journal entries to record the transactions
What is the exact accounting error that has been made : The cost was $2,000,000 and the equipment was expected to have a useful life of 10 years. What is the exact accounting error that has been made
What depreciation would emily record for the year : In 2017, Emily changed to straight-line depreciation for this equipment. What depreciation would Emily record for the year 2017 on this equipment

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd