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alukav5142 [94]
3 years ago
7

Waterway Industries reported the following data: 2020 2021 Sales $2980000 $4850000 Net Income 293000 391000 Assets at year end 1

810000 2460000 Liabilities at year end 1000000 1520000 What is Waterway’s asset turnover for 2021?
Business
1 answer:
Natasha_Volkova [10]3 years ago
8 0

Answer:

See

Explanation:

Given the above information, asset turnover ratio for 2021 is computed as seen below.

Asset turnover = Net sales / Average total assets

Net sales 2021 = $4,850,000

Average total assets = $2,135,000

Therefore, asset turnover ratio for 2021

= $4,850,000 / $2,135,000

= 2.27 times

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Answer:

Demographic, behavioral

Explanation:

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4 0
3 years ago
An employee has​ year-to-date earnings of . The​ employee's gross pay for the next pay period is . If the FICAOASDI is ​% and th
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Answer:

$192

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Calculation for how much FICA-OASDI tax will be withheld from the employee's pay?

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2 years ago
The standard unmodified audit report A. is sometimes called a clean opinion. B. can be issued only with an explanatory paragraph
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A. is sometimes called a clean opinion.

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3 years ago
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