1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dovator [93]
3 years ago
9

Cullumber Company reports the following information (in millions) during a recent year: net sales, $12,105.0; net earnings, $355

.0; total assets, ending, $5,825.0; and total assets, beginning, $4,090.0. Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin.
Business
1 answer:
Alex17521 [72]3 years ago
3 0

Answer:

1. 0.07161

2. 2.43

3. 0.02932

Explanation:

1. The computation of the return on total assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,

Net income is $355

Average total assets = (Beginning total assets + ending total assets) ÷ 2

                                   = ($4,090 + $5,825) ÷ 2

                                   = $4,957.50

Now put these values to the above formula  

So, the ratio would equal to

= $355 ÷ $4,957.50

= 0.07161

2. The computation of the assets turnover is shown below:

Total asset turnover = (Net Sales ÷  average of total assets)

                                   = ($12,105 ÷ $4,957.50)

                                   = 2.43

3. The computation of the profit margin is shown below:

= (Net earnings ÷ net sales) × 100

= ($355 ÷ $12,105) × 100

= 0.02932

You might be interested in
When eric and david sit down with​ linda, eric complains that david is​ micro-managing him on the quantum electronics project. a
Aleksandr [31]
Transactional leadership

Transactional leadership is a leadership style that deals with the function of supervision, organization, and employee’s performance to achieve high job performance. Leaders who carryout this style focuses on specific tasks and use rewards and punishments to motivate followers.






3 0
3 years ago
Read 2 more answers
A ({bond} or {stock}) will pay income based on an interest rate, while a ({bond) or (stock)} may give dividends to investors. Bo
meriva

Answer:

A<u> </u><u>bond</u> will pay income based on an interest rate, while a <u>stock </u>may give dividends to investors. Both interest income and dividends contribute to the <u>return</u> on an investment.

Explanation:

A bond is a long-term debt tool used by governments and corporations to raise funds. To investors, bonds offer long-term investment opportunities that pay interest based on the prevailing market rates.

A stock is the smallest unit of a company. Owning stock is owning a small portion of the company. Stockholders are entitled to share in the profits of a company; that's why they receive dividends.

An investment is a commercial undertaking that provides the investor with a financial gain. The financial gain or profits may be dividends from shares or interests from deposits.

5 0
2 years ago
__________ indicate such things as when to touch and​ where, when to smile and when to​ frown, and whether loud talking and expa
svet-max [94.6K]
Display rules indicate such things as when to touch and where, when to smile and when to frown, and whether loud talking and expansive gestures or quietness and controlled movements should be used.  All cultures have these and they typically vary even just slightly from one another. These are instilled in us from the beginning and let us know what behavior is acceptable and when. Cultural differences allow people to work together and bounce ideas off of one another, but they most also know how to appropriately interact with different cultures. 
4 0
3 years ago
While creating its AFI strategy framework, Valdez Consultants decided what markets the firm should compete in.
cluponka [151]

Answer:

B. corporate strategy

Explanation:

Corporate strategy -

According to this strategy , the approach adapted for any decision making process , so as to get the maximum advantage to the business , is referred to as corporate strategy .

During this strategy , the company need to look for various business or company in order to make the best decision to obtain maximum profit .

Hence, from the given statement of the question ,  

The correct option is B. corporate strategy .

6 0
3 years ago
Employer payroll taxes: Multiple Choice Represent the social security taxes withheld from employees. Are payable for up to a max
AlexFokin [52]

Answer:

Are added expenses beyond that for the wages and salaries earned by employees

Explanation:

The employer payroll taxes are the taxes which are to be computed as a percentage of the wages salaries earned by the employees. It is divided into two types - social security taxes i.e 6.2% and the medicare taxes 1.45%

And the journal entry is

Payroll tax expense A/c Dr XXXXX

To Social security tax A/c  XXXXX

To Medicate tax A/c  XXXXX

To State Unemployment tax payable  XXXXX

To Federal Unemployment tax payable XXXXX

(Being the payroll tax expense is recorded)

Moreover, it is an added expenses

6 0
3 years ago
Other questions:
  • "Suppose you are the owner of a small t-shirt printing business. While conducting a cost analysis of your business, you find tha
    6·2 answers
  • On November 1, 2021, Ziegler Products issued a $200,000, 9-month, noninterest-bearing note to the bank. Interest was discounted
    14·1 answer
  • ___ data is generally stored in different file formats
    14·1 answer
  • Negative feedback received during the final evaluation of the decision indicates:______A. the decision was a bad one. B. impleme
    7·2 answers
  • In the context of Frederick W. Taylor's four principles of scientific management, what is a difference between the first princip
    8·1 answer
  • An economic system that operates mainly on private transactions where firms are free to make their own production, distribution
    5·1 answer
  • The price of silver is $20 per ounce, the riskless rate of interest is 10% c.c. and storage costs are $1.00 per annum, payable q
    9·1 answer
  • In March, Stinson Company completes Jobs 10 and 11.
    5·1 answer
  • Oriole Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $28
    14·1 answer
  • Because a decrease in real autonomous spending results in a ________ in the price level, the ultimate effect on real gdp is ____
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!