Answer:
(A) Interest coverage charge ratio= 6.21
(B) Fixed charge coverage = 2.84
(C) Profit margin ratio= 8.57%
(D) Total assets turnover= 1.55
(E) Return on assets= 13.26%
Explanation:
(A) The Interest coverage charge ratio can be calculated as follows= EBIT/Interest expense
= 45,300/7,300
= 6.21
(B) The fixed charge coverage can be calculated as follows
= income before fixed charge + interest/fixed charges + interest
= 45,300+13,300/7,300+13,300
= 58,600/20,600
= 2.84
(C) The profit margin ratio can be calculated as follows
= Net income/sales × 100
= 22,800/266,000 × 100
=0.0857 × 100
= 8.57%
(D) The total assets turnover can be calculated as follows
= Sales/total assets
= 266,000/172,000
= 1.55
(E) The return on assets can be calculated as follows
= Net income/Total assets × 100
= 22,800/172,000 × 100
= 0.13255×100
= 13.26%
Answer:
cost of goods manufactured= $68,400
Explanation:
Giving the following information:
Cost of materials placed in production $30,000
Direct labor 25,000
Factory overhead 14,000
Work in process inventory, July 1 2,900
Work in process inventory, July 31 3,500
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
<u></u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 2,900 + 30,000 + 25,000 + 14,000 - 3,500
cost of goods manufactured= $68,400
Answer:
Email to case
Explanation:
Email to case is an innovative platform that allows a company keep all emails within their network firewall.
It allows receipt of emails larger than 25mb from customers.
When customer's emails are received, they are turned into cases that can be tracked for easy resolution.
This will be a good solution for Universal Containers as it solves the problem of having emails within its firewall, and provides a way for the 200 support agents resolve customer challenges through cases generated.
