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Lena [83]
3 years ago
5

A firm with $600,000 in sales, cash on hand of $750,000, liabilities of $200,000 and total assets of $1 million has a total asse

t turnover of ______ times.
Business
1 answer:
RideAnS [48]3 years ago
5 0

Answer:

 Total Asset Turnover = 0.6 times

                       

Explanation:

Total Asset Turnover = $600,000/$1,000,000

Total Asset Turnover = 0.6 times

It measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.

It is an important financial ratio used to understand how well the company is utilizing its assets to generate revenue.

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Mary’s hourly wage is twice that of John’s. John’s and Dennis’ hourly wages together total $60. If Dennis earns 1/3 of John’s ra
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Answer: $90

Explanation: This problem can be solved by using following equation :-

Let John's hourly wage rate be J, Mary's hourly wage rate be M and Dennis hourly wage rate be D, therefore :-

Mary's rate will be :-

M = 2J............equation 1

AND,

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Similarly,

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Now,putting the value of D in equation 2 we get,

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J  = $45

Putting the values of J in equation equation 1 we get,

M = 2 * $45

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So, Mary's hourly wage rate is $90

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