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Helga [31]
3 years ago
13

Spears Co. had net sales of $53,404 million. Its average total assets for the period were $16,302 million. Spears' total asset t

urnover equals:
Business
1 answer:
liraira [26]3 years ago
7 0
Given:
net sales = 53,404,000,000
Average total assets = 16,302,000,000

Total asset turnover is calculated by divided net sales by the average total assets.

Total asset turnover = net sales / average total assets 
T.A.O = 53,404,000,000 / 16,302,000,000
T.A.O = 3.2759 OR 3.3

The total asset turnover indicates the company's ability to efficiently deploy its asset in generating revenue. 
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3 years ago
Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Unit selling
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Answer:

1. Option (e) is correct.

2. Option (e) is correct.

Explanation:

(a) Weighted-average unit contribution margin:

= (Unit selling price of plain - plain's variable cost) × 60% + (Unit selling price of fancy - fancy's variable cost) × 40%

= (20 - 12) × 60% + (35 - 24.50) × 40%

= $4.8 + $4.2

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= Annual fixed expenses ÷ Weighted-average unit contribution margin

= 45,000 ÷ 9

= 5,000

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3 years ago
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If there are constant rumors that a business is in financial crisis, employees might lose internal motivation. which level of ma
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Read 2 more answers
USA Manufacturing issued 30-year, 7.5 percent semiannual bonds 6 years ago. The bonds currently sell at 101 percent of face valu
vekshin1

Answer:

4.82 percent

Explanation:

We use the Rate formula in this question that is shown in the attachment

The NPER is the period of time.

Provided that,  

Present value = $1,000 × 101% = $1,010

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 7.5% ÷ 2 = $37.5

NPER = 30 years - 6 years = 24 year × 2 = 48 years

The formula is presented below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 7.41%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.41% × ( 1 - 0.35)

= 4.82%

6 0
3 years ago
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