What was the asset turnover rate for last quarter

Assignment Help Finance Basics
Reference no: EM13875289

Williams Manufacturing uses scrap metal to produce various tools, such as drill bits, hammer heads, saw blades, and nails. The CEO has asked you to analyze the saw blades division to determine asset turnover for last quarter. You find that the saw blades division had an ROI of 20 percent, sales of $10 million, and operating profits of $1 million. What was the asset turnover rate for last quarter?

Reference no: EM13875289

Questions Cloud

Assess the impact of globalization on marketing activities : Assess the impact of globalization on marketing activities
What are scott healthcares return on sale and asset turnover : Scott also had average assets of $250,000 for the year. What are Scott Healthcare's return on sales, asset turnover, and return on investment?
Prepare bank reconciliation for december : Identify and list the deposits in transit at the end of December. Identify and list the outstanding checks at the end of December. Prepare bank reconciliation for December. Give any journal entries that the company should make as a result of the bank..
Thread biedenfeld: kpi milestone deliverables : Thread: Biedenfeld: KPI Milestone Deliverables - ROSTER-... Message UnreadMark as Unread Message Not FlaggedSet Flag November 15, 2015 12:51:54 PM PST2 days ago Mark Biedenfeld Biedenfeld: KPI Milestone DeliverablesCollapse
What was the asset turnover rate for last quarter : You find that the saw blades division had an ROI of 20 percent, sales of $10 million, and operating profits of $1 million. What was the asset turnover rate for last quarter?
Ted, who went into business recently, keeps records : Ted, who went into business recently, keeps records on a work sheet similar to that illustrated in the text. At the start of the new year, his work sheet shows these balances
Student advocacy and sweatshop labor the case of russell : Student Advocacy and "Sweatshop" Labor: The Case of Russell Athletic
What is the company''s current return on investment : The accounting manager has presented the latest quarter's return on sales of 10 percent and asset turnover of 1.5. What is the company's current return on investment (ROI)?
Differential equation of motion for small oscillations : A 1.8-kg uniform rod is supported by a pin at O and a spring at A and is connected to a dashpot at B. Determine

Reviews

Write a Review

Finance Basics Questions & Answers

  Filed for bankruptcy protection

The federal government recently provided tax payers' money to major corporations that filed for bankruptcy protection from their creditors. Some have paid the funds back, and others have not. Please provide your opinions, both for and against this..

  Question regarding the project risk

Consider the role of simulation analysis and decision trees in capital budgeting risk analysis. Describe the advantages offered by each technique.

  Trivoli industries plans to issue some 100 par preferred

trivoli industries plans to issue some 100 par preferred stock with an 11 percent dividend. the stock is selling on the

  How is preferred stock affected by a decrease

This was posted before but the person answering the question did not type in the one word that changes two answers. The dividend YIELD increases. So the answer given was not conclusive. Please help. Thanks

  Define aggressive financing strategy

What is an aggressive financing strategy? What are components of aggressive finance strategies?

  Which of the following statments concerning the change

Which of the following statments concerning the change in working capital is most accurate?

  Calculating earnings before income tax-depreciation

Your firm has net income of $198 on total sales of $1,200. Costs are $715, depreciation is $145 and amortization is $55. The tax rate is 34%. The firm does not have any interest expense. What is your firm's EBITDA?

  Find two articles that discuss financial ratio analysis

Using the Ashford University Library as a resource, find two articles that discuss financial ratio analysis. Identify two advantages and two disadvantages to using ratios in financial analysis.

  What is the arithmetic average return

The return on your portfolio over the last 5 years were -5%, 20%,0%,10%, and 5%. What is the arithmetic average return?

  Compute risk and return measures for barnes and noble

compute risk and return measures for barnes and noble standard deviation beta against sampp 500 and 2. estimation and

  You wrote a piece of software that does a better job of

you wrote a piece of software that does a better job of allowing computers to network than any other program designed

  What are the similarities and differences in preferred

what are the similarities and differences in preferred stock and debt as sources of financing for a

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