Solution-Compute the return on assets ratio for fiscal year

Compute the return on assets ratio for fiscal year

Assignment Help Accounting Basics

Reference no: EM133169542

Question - Computing Asset Ratios - The following information relates to Mazy's Inc.

$ millions	Total Assets	Revenue	Net Income
Fiscal Year 2015	$37,037	$48,742	$1,926
Fiscal Year 2014	31,995

Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively.

Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.

Required -

a. Compute the asset turnover ratio for fiscal year 2015.

b. Compute the return on assets ratio for fiscal year 2015.

Reference no: EM133169542

Questions Cloud

What is the annual cost of not taking the cash discount : Royal Distributors has an ongoing offer of paying for purchases with a credit term of 2/10, net 45. What is the annual cost of not taking the cash discount

Prepare the required journal entry : The company sells its dishwashers for $10,000 and garbage disposals for $6,080 each. Prepare the required journal entry

What total operating cost would you expect to be incurred : If a truck were driven 64,000 kilometres during a year, what total operating cost would you expect to be incurred

What is the total cost incurred by remington : Remington Textiles has a mill that produces three types of fabrics on a make-to-order basis. What is the total cost incurred by Remington

Compute the return on assets ratio for fiscal year : Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively. Compute the return on assets ratio for fiscal year

What will be polo capital at the end of financial year : What will be Polo's capital at the end of financial year 30 June 2021 if there was no withdrawal from Polo, but he contributed $10,000 more capital to business

What do you evaluate your interest rate to be : This costs $19,524 and you have to pay it back in annual installments of $3947 over 6 years. What do you evaluate your interest rate to be

What is the non-controlling interest in net income : The merchandise was later resold by P to outsiders for P15,000 during 2020. For consolidation purposes, what is the non-controlling interest in net income of S

What the entry for the payment of the payroll on friday : A business pays biweekly salaries of $20,000 every other Friday for a ten-day period. What the entry for the payment of the payroll on Friday, January 10

User Account

All Pages

Compute the return on assets ratio for fiscal year

Reference no: EM133169542

Reference no: EM133169542

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT