Compute total asset turnover ratio

Assignment Help Accounting Basics
Reference no: EM13257920

Compute total asset turnover ratio for 2009 and 2010 and evalute results, would you promote me??

                                      2010      2009       2008
total assets                       80,000    45000     35000
total liabilities                     45000     20000     15000
total stock holders equity      35000     25000     20000
total sales                         85000     75000     50000
net income                        20000     10000      4000

Reference no: EM13257920

Questions Cloud

What is the firms profit margin : A firm has sales of $211,000, depreciation of $24,600, interest expense of $560, COGS of $148,900, other cost of $6,500, and tax rate of 35%. What is the firm's profit margin?
Calculate the speed when the current has fallen to 50 amps : A series motor runs at 600 rpm when taking 110 amps from a 230 V supply. The resistance of the armature circuit is 0.12 ohms and that of the series winding is 0.03 ohms. Calculate the speed when the current has fallen to 50 amps
What is the times interest earned ration : Pizza Palace has sales of $428,000, depreciation of $26,500, interest of $1,800, net income of $21,400 and a tax rate of 32%. What is the times interest earned ration?
Explain what is the partial charge on each oxygen atom : The partial charge on the phosphorus atom in the PO4(-3) ion is +2.52. What is the partial charge on each oxygen atom
Compute total asset turnover ratio : Compute total asset turnover ratio for 2009 and 2010 and evalute results, would you promote me??
What are some differences one might expect among stakeholder : What are some differences one might expect among stakeholder expectations for a nonprofit organization versus a for-profit business? Do you think nonprofit managers have to pay more attention to stakeholders than do business managers? Discuss.
Explain boron and carbon and identical to phosphorus : Hydrogen has an electronegativity value between boron and carbon and identical to phosphorus. With this in mind, rank the following bonds in order of polarity with 1 being the most polar and 5 being the least polar.
How much current should the solenoid carry : A 41 cm long solenoid 1.20 cm in diameter is to produce a field of 0.395 mT at its center. How much current should the solenoid carry
Compute the cost recorded for the machine : The adjustments are normal for this machine and are not the result of the damages. Compute the cost recorded for this machine.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Intangible assets under us gaap

What amount will be included in intangible assets on the company's December 31, 2008 financial statements prepared in accordance with IFRS? How much would be included in intangible assets under US GAAP?

  What is the companys days sales in inventory

How Bout Now, a clothing retailer, had cost of goods sold of $525,000 last year. The beginning inventory balance was $32,500 and the ending inventory balance was $35,000. What is the company's Days' Sales in Inventory?

  Differences between ifrs and gaap

Discuss at least three significant differences between IFRS and GAAP.

  Depreciation and payroll journal

Illustrate the effect on the account and financial statements of paying and recording the March 17th payroll. Determine the following amounts of the employer payroll taxes related to the March 17th payroll: a) FICA tax payable b)state unemployment t..

  Several topics in taxation

Compare and contrast start-up costs and organizational expenditures. Describe how the tax treatment of these expenditures differs from the treatment for financial accounting purposes.

  Noncontributory pension plan

Frank Clarke, an employee of Smithson Company, was covered under a noncontributory pension plan. Frank died on April 15 2010 at age 64 and pursuant to the plan, his widow received monthly pension payments of 500 beginning May 1 2010.

  Direct labor costs and overhead-robbins medical records

Mr. Robbins medical records indicated that a total of 20 labor hours were directly used in providing his care. The cost of the labor was $380. It was expected before the beginning of the year that a total of 90,000 direct labor hours would be cons..

  Determining the true cash balance

Determining the true cash balance as of August 31.  (Hint:  It is not necessary to use all of the preceding items to determine the true balance.)

  Preferred stockholders and common stockholders

Determine the amount of total dividends and dividends per share for preferred stockholders and common stockholders.

  How can a country tax system affect the manner

how can a country's tax system affect the manner in which an operation in that country is financed by a foreign investor?

  Behavior relating to the cost information

Is Margaret's behavior regarding the cost information she provided to Susan unethical? Explain your answer.

  Prepare the adjusting entry for inventory counts

While testing the inventory counts, the auditors noticed that several high dollar items had counts on the inventory listing which were materially higher than the actual counts. The difference between the actual and recorded inventory value was $66..

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!

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