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Marat540 [252]
3 years ago
8

Lake Company reported beginning and ending Total Assets of $25,000 and $35,000 respectively. The Net Sales for the year were $15

,000. What is the asset turnover ratio
Business
1 answer:
Leto [7]3 years ago
7 0

Answer:

0.50

Explanation:

Calculation for What is the asset turnover ratio

Using this formula

Asset turnover ratio=Net sales /Average total assets

Let plug in the formula

Asset turnover ratio=$15,000 / (($25,000 + $35,000)/2)

Asset turnover ratio=$15,000/($60,000/2)

Asset turnover ratio=$15,000/$30,000

Asset turnover ratio= 0.50

Therefore the asset turnover ratio will be 0.50

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A company's strategy can be considered "ethical" as long as: Select one: a. it does not entail actions/behaviors that cross the
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3 years ago
The next dividend payment by Savitz, Inc., will be $2.34 per share. The dividends are anticipated to maintain a growth rate of 4
STALIN [3.7K]

Answer:

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3 0
3 years ago
A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $14.00 pe
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Answer

Option C

Decrease in cost   $132,672

Explanation:

T<em>o determine the increase or decrease in  costs associated with making, we will compare the relevant costs of the two options as follows</em>

<em>                                                                          $</em>

Variable cost of making                                10

Variable cost buying                                      <u>14</u>

Savings in  cost per from making                 4

Total cost savings (decrease)    4 × 33,168 = $132,672

Decrease in cost as result of making =$132,672

4 0
3 years ago
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