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Vinvika [58]
3 years ago
12

Kroger's 2016 financial statements show net operating profit after tax of $2,286 million, net income of $1,975 million, sales of

$115,337 million, and average net operating assets of $18,616 million. Kroger's net operating asset turnover for the year is: A. 12.3% B. 8.11 C. 6.20 D. 10.9% E. There is not enough information to calculate the ratio.
Business
1 answer:
gregori [183]3 years ago
5 0

Answer:

Correct option is C 6.20

Explanation:

Sales/ Average net operating average

= $115,337/ $18,616

=6.20

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1. Kampman Company projects 2019 first quarter sales to be $ 20 comma 000 and increase by 5​% per quarter. Determine the project
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Answer and Explanation:

The computation of projected sales for 2019 by quarter and in total is shown below:-

                  Base sale amount         Increase sale     Quarter of projected

                                                           percentage                     sales

Quarter 1                                                                                $20,000

Quarter 2         $20,000                       5%                           $21,000

Quarter 3          $21,000                        5%                          $22,050

Quarter 4          $22,050                       5%                           $23,152.5

Total                                                                                        $86,202.5

Here, we have increased 5% every quarter to reach quarter of projected sales.

The computation of XCs to be produce is shown below:-

Budgeted XCs to be produced + Desired ending inventory Available -  opening finished inventory

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