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storchak [24]
3 years ago
10

Shelli's Ski Super has sales of $670, net fixed assets of $210, total assets of $305, and current assets of $25. What is the tot

al asset turnover ratio for the business?
Business
1 answer:
Troyanec [42]3 years ago
5 0

Answer:

2.20

Explanation:

The formula to compute the total assets turnover ratio is shown below:

Total asset turnover = (Sales revenue ÷ Total assets)

                                   = ($670 ÷ $305)

                                  = 2.20

We simply divide the sales revenue by the total assets, so that the total asset turnover ratio can be computed

All other information which is given is not relevant. Hence, ignored it

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The following information is available for Ivanhoe Company for the year ended December 31, 2022.
aivan3 [116]

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Cash Flows From Operating Activities  

Net Income $497,175

Adjustments made:

Less: Increase in Accounts Receivable -$14,350  

Less: Increase in Inventory -$19,250  

Less: Decrease in accounts payable -$6,475  

Add: Increase in Income tax payable $8,225  

Add: Depreciation Expense $283,500  

Net Cash Provided by Operating Activities (A) 748,825

Cash Flows From Investing Activities  

Cash received for sale of land at book value $61,250  

Less: Cash used to purchase a building -$505,750  

Net Cash Provided by Investing Activities (B) -$444,500

Cash Flows From Financing Activities  

Cash received from issuing bonds $350,000  

Less: Cash used to purchase Treasury stock -$45,500  

Less: Cash Dividends Paid -$21,000  

Net Cash Used by Financing Activities (C) $283,500

Net Increase in Cash (A+B+C) $587,825

Add: Beginning cash balance 78,750

Ending cash balance $666,575

7 0
3 years ago
What are some of the drawbacks from 2007 to 2009 you have encountered in your research for this discussion, why companies showed
Firdavs [7]

Answer:

Officially, the Great Recession lasted between December 2007 and June 2009, but it certainly seemed longer.

The economy crushed property and stock markets, destroyed $18.9 trillion of household wealth and destroyed over eight million jobs.

Explanation:

In December 2007, the Great Recession came to an end in June 2009, making the Great Recession the longest since World War II. The Great Recession was extremely extreme in a number of ways. Actual GDP decreased by 4.3% in 2009Q2, the biggest decline in the post-war era (based on the data of October 2013), as from its peak in 2007 Qu4. The figure was 4.3%. In December 2007, the unemployment rate was 5%, rising to 9.5% in June 2009 and a high of 10% in October 2009.

Simultaneously, the financial consequences of the Great Recession had outsized: the average home prices decreased by about 30 percent from the middle of 2006 to mid-2009, while the S&P 500 index decreased by 57 percent from its high in October 2007. Net values for US households and non-profit organizations dropped to $55 trillion in 2009, from a high of approximately $69 trillion in 2007.

7 0
3 years ago
Thanks to our group's ________________, we were able to accomplish all our goals. a. detail-oriented structure b. reaction-orien
svetoff [14.1K]

Answer:

it's D ( action-oriented structure)

Explanation:

8 0
2 years ago
Read 2 more answers
Which of the following best represents a walkthrough a. The controller reviews the bank reconciliation prepared by the accountan
attashe74 [19]

Answer: Option B

Explanation:A walk through can be defined as a session done by managers or other such concerned individuals of authority in the organisation. This is done with the objective to verify if there are any requirements that need to be fulfilled.

This process helps the organisation to solve the problem before it gets out of control.

Thus, from the above we can conclude that the correct option is B.

7 0
3 years ago
A statement of cash flows and its related disclosure note typically do not report: a. Stock dividends. b. Notes payable issued f
fgiga [73]

Answer:

a. Stock dividends

Explanation:

As we know that the cash flow statement records those transactions which deals in cash only.

It includes three types of activities

1. Operating activities: It records payment of expenditures, cash receipts, changes in working capital

2. Investing activities: It records inflow and outflow of long term assets

3. Financing activities: It records the stockholder equity related transactions

Since in the given case, the related disclosure do not report the stock dividend as it does not involved any kind of cash transactions

3 0
3 years ago
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