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
wlad13 [49]
3 years ago
7

Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (

i.e., $10,110,000 should be entered as 10.11).)
Net sales $ 24,451
Net income 6,600
Operating cash flows 9,324
Total assets, beginning 39,768
Total assets, ending 48,497

Required:

1. Calculate the return on assets.
2. Calculate the cash return on assets.
3. Calculate the cash flow to sales ratio and the asset turnover ratio.
Business
1 answer:
Llana [10]3 years ago
3 0

Answer:

1.

13.6%

2.

19.23%

3.

38.13%

&

0.55

Explanation:

1.

Return on Asset is the ratio of net income to total asset of the company. It measure the productivity and efficiency of all the assets used to generate this net income.

Return on Assets = Net Income / Total Assets = $6,600 / $48,497 = 0.136 = 13.6%

2.

Cash Return on Asset is the ratio of Operating cash flows to total asset of the company. It measure the productivity and efficiency of all the assets used to generate this operating cash flow.

Return on Assets = Operating cash flow / Total Assets = $9,324 / $48,497 = 0.1923 = 19.23%

3.

Cash flow to sales is the ratio of cash flow in the period to sales. It measures that how much cash received as percentage of sales.

Cash Flow to Sales = Operating Cash flow / Sales = $9,324 / $24,451 = 0.3813 = 38.13%

Assets turnover is a ratio of sales to the fixed asset of a company. It shows that how effectively the company using its fixed assets to generate the revenue. It measures the efficiency of the fixed asset in making sales.

Formula

Asset Turnover = Net Sales / *Avg. Fixed Assets = $24,451 / $44,132.5 = 0.55

*Average Fixed Assets = ($39,768 + $48,497) / 2 = $44,132.5

You might be interested in
Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per year, and the loan calls fo
sergij07 [2.7K]

Answer:

Explanation:

Let's recall the formula that will be used for calculations

The annual payment on the loan=Present value of a loan/PVIFA

r=7%; n=5

Annual payment on the loan=71500/4.100197=17438.19

OR we can use the financial calculator and input the following data:

PV = 71500; r=7%; n=5; PMT=?

PMT=17438.19

Amortization schedule:

YEAR  Beg. balance    Total PMT    Interest PMT   Principal PMT   End. Bal.

1           71500                 17438.19      5005                 12433.19          59066.81

2          59066.81           17438.19       4134.68             13303.51          45763.3

3          45763.30           17438.19       3203.43            14234.76         31528.54

4          31528.54            17438.19       2207                 15231.19           16297.35

5          16297.35             17438.19      1140.81              16297.38          0

*5005 = 71500 ×0.07

12433.19=17438.19-5005 and so on...

5 0
3 years ago
Select the type of economic system that best matches each of the given descriptions.
Svetllana [295]

Answer:

based on government control- command

of resources and production

based on traditions and customs- traditional;

based on the forces of supply and demand- market

based on price rationing and includes- mixed

some government involvement

Explanation:

i dont cap

7 0
3 years ago
Research has found that it has become more difficult for teens to find part-time and summer work. Use data from
Natasha_Volkova [10]
<h2>Yes the given statement is true by analyzing the chart attached.</h2>

Explanation:

Let us understand what teen means and what age group comes under teen.

All the age which ends with teen falls under teen age.

Age group: 13 to 19

When we analyze the data,

Age group <18: In 2008, the tax filers are 1.9 % and it declined to 1.4% in 2016

Age group 18 to 24: In 2008, the tax filer are 16.3% and 15.6 in 2016

So the the number of tax filers who filed in 2016 is less than 2008.

People whose age >55 has got more opportunity when compared to 2008

From this we can conclude that teens find difficult to get part-time and summer work

5 0
4 years ago
A grocery store that uses local distributors is am example of what stage of globalization
Elena L [17]

Answer: Domestic stage

Explanation:

In the domestic stage of production, the entity is only involved in the domestic arena. The production facilities they have are limited to the country they are in and they only operate in the domestic market and at this point, the company is not trying to get into foreign markets.

The grocery store above uses only local distributors which means that they are only servicing the local market which therefore puts them at the domestic stage of globalization.

3 0
3 years ago
The marginal revenue product schedule is: * 1 point A) the same whether the firm is selling in a purely competitive or imperfect
Inga [223]

Answer:

B) the firm's resource demand schedule.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.

Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service.

Hence, the marginal revenue product schedule is equal to the firm's resource demand schedule i.e the quantity of goods demanded at different price level at a specific period of time.

7 0
3 years ago
Other questions:
  • Consider the exchange rate between Peru and Pakistan. Typically exchange rates vary over time, sometimes quite dramatically.
    12·1 answer
  • Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine- hours.
    13·1 answer
  • Presented below are the financial statements of Tamarisk Company. Tamarisk Company Comparative Balance Sheets December 31 Assets
    9·1 answer
  • S corporation shareholders are subject to self-employment tax on business income allocations from the S corporation if they are
    14·1 answer
  • The _____ usually begins with a formal request to the it department, called a systems request, which describes problems or desir
    11·1 answer
  • You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budg
    5·2 answers
  • Card Corp. purchased bonds at a discount of $49,000, and accounted for the bonds as held to maturity. Subsequently, Card sold th
    9·1 answer
  • The best gift i ever received​
    8·2 answers
  • You're in charge of a new construction worksite. You must make sure no one Gets hurt and that everything complies with osha. Nam
    14·2 answers
  • A business in Italy purchased 200 Kazuri necklaces at a cost of 481 720 Kenyan
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!