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
Komok [63]
3 years ago
12

Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)?

Business
1 answer:
expeople1 [14]3 years ago
3 0

Answer:

Total assets turnover ratio (TATO): 2.38

Explanation:

Total assets turnover ratio (TATO) helps investors understand how effectively companies are using their assets to generate sales. Total assets turnover ratio is calculated by using following formula:

Total assets turnover =  Total Sales or Revenue/ Average Total Assets

where:

Total Sales= Annual net sales

Average Total Assets = (Assets at the beginning of year  +Assets at the end of year )/2

In Ryngard Corp:

Total Sales: $38,000

Total assets: $16,000

Total assets turnover  = $38,000/$16,000 = 2.38

You might be interested in
The bank received and accepted a payment worth $7,200 from a customer on the company’s behalf. Which journal entry adjustment sh
Oliga [24]

Answer:

A. Accounts receivable will be debited by $7,200.

Explanation:

Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.

Recording the transaction for accounts receivable follows the principle for recording assets transactions.  An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.

7 0
3 years ago
Read 2 more answers
McGregor allows customers to pay with credit cards. the credit card company charges 3% of the sale. when a customer uses a credi
Andru [333]
D. Credit service revenue for $206
8 0
3 years ago
_________ is a person (usually former slave) who farmed a leased portion of land during the Reconstruction era. The planter shar
Anuta_ua [19.1K]

Answer:

The correct word for the blank space is: Sharecropper.

Explanation:

Sharecroppers were farmers who used to lease lands for the crop of different commodities. In exchange, the landowner used to receive a portion of the crop at the end of every year. This practice was mostly developed in the U.S. south by former slaves.  

During the Reconstruction era (1865-1877) white landowners entered in conflict with freed blacks who were fighting for their total independence after the Civil War (1861-1865).

4 0
3 years ago
Read 2 more answers
Complete the statement by filling in the correct terms.
Setler79 [48]
1= A. Balancing a back account
2= B. bank statement
8 0
3 years ago
Read 2 more answers
Your résumé should always begin with the title RESUME at the top.<br> True or False
docker41 [41]

I believe that statement is False

A resume usually required to be sent to a specified email address that is used by a member of company's human resources, they would know what resume look like without having to put that title. It would be best to put your photos or general information at the top of the resume.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Beaver Valley Oil Refinery produces various grades of petroleum products at its refinery operations. All of the following may be
    6·1 answer
  • the ongoing responsibilities of the security manager. What other components of security management, as outlined by this model, c
    15·1 answer
  • The balance in the Accumulated Depreciation account represents the:________.
    15·1 answer
  • Culver Corporation has retained earnings of $718,500 at January 1, 2017. Net income during 2017 was $1,596,000, and cash dividen
    15·1 answer
  • Which of the following does not appear on the asset side of a bank's balance sheet? Question 19 options: a) required reserves b)
    13·1 answer
  • Assume you deposit $5,000 at the end of each year into an account paying 9.5 percent interest. a. How much money will you have i
    6·1 answer
  • Many companies look at a persons social media postings when considering whether to hire them
    9·2 answers
  • The difficulty of the ___________estimate is that the measure of remaining budget changes depending on whether you are currently
    10·1 answer
  • Itemise the importance of marketing in an economy <br><br>​
    8·1 answer
  • Explain how insurance companies use risk pooling to generate a profit for their
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!