Answer:
2.68
Explanation:
Data provided in the question:
Reported net sales = $4,502,400
Reported net income = $1,510,000
Reported average total assets = $1,680,000
Now,
The the asset turnover is calculated using the formula as
Asset turnover = ( Net sales ) ÷ ( Average total assets )
or
Asset turnover = $4,502,400 ÷ $1,680,000
or
Asset turnover = 2.68 times
Answer:
Consider the following calculation
Explanation:
1. Determine the 2018 EPS.
EPS = Net Income / Weighted Average number of shares
Numerator
Net Income = $15,90
Denominator
Weighted Average number of shares = 2,20 – (24x10/12) + (24x2/12) + (96x1/12)
= 2,52 Shares
EPS 2018 = $15,90 / 2,52 Shares
= $6.31 per share
2. Determine the 2019 EPS.
Numerator
Net Income = $15,90
Denominator
Weighted Average number of shares
=[ 2,20 – 24 + 24 + 96 ] x 2 Stock Split
= 6,32 Shares
EPS 2019 = $15,90 / 6,32 Shares
= $2.52 per share
3. At what amount will the 2018 EPS be presented in the 2019 comparative financial statements?
Numerator
Net Income = $15,90
Denominator
Weighted Average number of shares
= 2,520 x 2 Stock split
= 5,04 Shares
EPS = $15,90 / 5,04
= $3.15 per share
Answer:
Interest expense $ 11.15
Explanation:
As the bank uses the average daily balance excluding new purchases we should use that amount to solve for the interest expense.
The rate is one and a half percent therefore, 1.5% --> 0.015
principal x rate = interest
$743 x 0.015 = $ 11.145
Answer:
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<span>Weber would consider this an exercise in power in the social stratification model. The owner has the ability to have others do what he wants them to do. He is able to set goals that can be achieved even with others opposing them.</span>
