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Find the Ration of Net Sales to Assets - 2012 2011 Net Sales $4,445,700 $4,096,050 Total Assets $9,861,285 $7342,255 Long Term investments $1,258,436 $ 119,935 I know I need to divide Net Sales by Average Total assets I did this and came up with .56 which is incorrect.
Which of the following measures of performance encourages continued expansion by an investment center so long as it is able to earn a return in excess of the minimum required return on average operating assets?
Following is the 2006 balance sheet for Sumi Industries. Complete the balance sheet by using the information that follows it.
define the generally accepted accounting principles that justify making adjusting entries and speculate on the primary
illustrate out the term current liability? from the perspective of the user of financial statements why do you believe
Because of chronic water shortage in Santa Fe, new athletic fields must use artificial turf or xeriscape landscaping. If the value of the water saved per month is $6,000, how much can a private developer afford to spend on artifical turf if he wa..
for a recent year mcdonalds company-owned restaurants had the following sales sales and expenses in millionssales
The journal entry to adjust the books when the net credit sales method is used to account for bad debts will be: debit and credit?
If customers experience problems between regularly scheduled visits, Rawl makes service calls at no additional charge. Instead of paying monthly, customers may pay an annual fee of $540 in advance. For a customer who pays the annual fee in advance..
the production department of raredon corporation has submitted the following forecast of units to be produced by
in assessing control risk for purchases an auditor vouches a sample of entries in the voucher register to the
V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.
Prepare the income statement of owner's equity for the calendar year 2009 and the classified balnace sheet at December 31, 2009. Prepare the necessary closing entries at December 31, 2009.
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