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insens350 [35]
3 years ago
13

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 $ 23,451
Net income 6,500
Operating cash flows 9,314
Total assets, beginning 29,768
Total assets, ending 38,497
Required:
1. Calculate the return on assets. ($ in millions)
2. Calculate the cash return on assets. ($ in millions)
3. Calculate the cash flow to sales ratio and the asset turnover ratio. ($ in millions)
Business
1 answer:
cupoosta [38]3 years ago
4 0

Answer and Explanation:

The computation is shown below:

1. The Return on assets is  

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

where,  

Net income is $6,500

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

= ($29,768 + $38,497) ÷ 2

= $34,132.50

Now put these values to the above formula  

So, the return on asset is

= $6,500 ÷ $34,132.50

= 19.04

2. Cash Return on assets is

= Operating cash flows  ÷Average total assets

= $9,314 ÷ $34,132.50

= 27.29%  

3 Cash flow to sales ratio is

= Operating Cash Flow ÷ Net sales  

= 9,314 ÷ $23,451

= 39.72%

And, Asset turnover ratio is

= Net sales ÷Average total assets  

= $23,451 ÷ $34,132.50

= 0.68 times

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snow_tiger [21]

Answer: The correct option is "c.exercising an in-the-money put option".

Explanation: If you consider the equity of a firm to be an option on the firm’s assets then the act of paying off debt is comparable to <u>exercising an in-the-money put option</u> on the assets of the firm.

because he would be paying the debt with the participation in the equity of the company.

3 0
2 years ago
Suppose real GDP is forecasted to grow by 2.78 %, the velocity of money has been stable, and the Fed announces an inflation targ
Vadim26 [7]

Answer: 6.48%

Explanation:

This can be solved using the Quantity theory of money;

MV = PY

When dealing with changes, formula changes to;

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6 0
2 years ago
Which of these is an acceptable less hazardous method of cleaning than solvents?
Fantom [35]

Answer:

I believe it is A

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4 0
3 years ago
Pastner Brands is a calendar-year firm with operations in several countries. As part of its executive compensation plan, at Janu
lesantik [10]

Answer:

Compensation expense of $510,000 will be recorded each year 2021-2024

Explanation:

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Compensation expense of $510,000 will be recorded each year 2021-2024

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7 0
3 years ago
According to the law of supply, price and quantity move
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Answer:

along a track in the same direction.

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2 years ago
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