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harina [27]
3 years ago
7

Maple Corp. had net sales of $204,550 for the year ended December 31, 2017. Its beginning and ending total assets were $83,200 a

nd $116,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2017. (Round your answer to two decimal places.)
A. 2.46 times
B. 2.05 times
C. 0.49 times
D. 1.16 times
Business
1 answer:
monitta3 years ago
6 0

Answer:

B. 2.05 times

Explanation:

Asset turnover ratio is computed by dividing net sales by average total assets

Given the following information about Maple Corp. for the year ended December 31, 2017

Beginning total assets = $83,200

Ending total assets = $116,500

Average total assets = (83,200+116,500)/2

                                  = 199700 /2

                                  = $99,850

net sales = $204,550

Asset turnover ratio = net sales/average total assets

                                 = $204,550/$99,850

                                 = 2.05 times

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2 years ago
Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?
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The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).

<h3>Simple Interest</h3>

Given Data

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Equation:

t = (1/r)(A/P - 1)

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First, converting R percent to r a decimal

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Answer:

They are not distinct.

Explanation:

When making a statement that is made up different main points, it is important to seperate them into distinct entities that can be easily identify by the reader.

This eases understanding of the reader and makes the piece more appealing.

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This is actually a single point broken into 2. Many vampire series like Twilight series introduced werewolves into the mix.

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Answer:

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8 0
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Read 2 more answers
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