How much is krogen grocer return on sales for the year

Assignment Help Managerial Accounting
Reference no: EM132541670

Krogen Grocer's 2019 financial statements show net income of $1,680 million, sales of $153,466 million, and average total assets of $46,350 million.

Question 1: How much is Krogen Grocer's return on sales for the year?

Select one:

Option A. 3.62%

Option B. 1.09%

Option C. 30.20%

Option D. 6.42%

Reference no: EM132541670

Questions Cloud

Identify source of information on the structure : 1. Write down the steps taken to identify source of information on the structure and operation of the 5-star hotel?
How return on assets is computed as : How Return on assets is computed as? Net income / Average stockholders' equity./ Net income / Average total assets. / Return on sales × Asset turnover
What are some of the disadvantages that can result : What are some of the disadvantages that can result when companies use channels of distribution to market their products overseas?
What are some of the components of these cultures : What are some of the components of these cultures that you need to understand from a business standpoint?
How much is krogen grocer return on sales for the year : Krogen Grocer's 2019 financial statements show net income of $1,680 million, sales of $153,466 million,How much is Krogen Grocer's return on sales for the year?
Demonstrate ethical and professional behavior : Demonstrate Ethical and Professional Behavior and Identify how a facilitator integrates feedback through consultation
Calculate the estimated ending inventory at cost : Calculate the estimated ending inventory at cost, using the retail method - FIFO basis, without LCNRV. (round your cost ratio to a maximum)
The process and practice of data mining : Describe two major impacts that GDPR has on the process and practice of data mining.
Two main types of machine learning methods : Explain the differences between the two main types of machine learning methods.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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