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
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

You might be interested in
Calico Corporation produced 2 comma 500 units in Job 903. The following data is provided for Job 903 for the​ year: Direct mater
geniusboy [140]

Answer:

The total cost of Job​ 903 is $5,073.20

Explanation:

The computation of the total cost is shown below:

= Direct material used + Direct labor cost + overhead cost  (Predetermined manufacturing overhead rate per direct labor hour ×  Direct labor hours used in Job 903)

= $3,200 + $1,092 + ($18.60 × 42 labor hours)

= $3,200 + $1,092 + $781.20

= $5,073.20

7 0
3 years ago
The recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are
romanna [79]

Answer:

The need for organisations (which may be governmental or non-governmental) to improve the condition of living of people and protect their environment whilst they pursue increased profitability has been termed

The Triple Bottomline.

It is also referred to by economists as the 3P - People, Planet and Profit.

It speaks to the fact that other than the usual making financial success the sole metric of measurement by which organisations are evaluated, their impact on people and the environment should be considered as well.

In simple terms, a firm should be termed more successful than others if it's activities besides being profitable also impacts positively on people and protects if not improves the environment.

Cheers!

7 0
4 years ago
Define CAMELS, why it was created and how the system works, and give the names of six factors of CAMELS
bearhunter [10]
  1. Capital adequacy
  2. Asset quality
  3. Management
  4. Earnings
  5. Liquidity
  6. Sensitivity

CAMELS is an international rating system to rate banks, it was created in the United States as a supervisory rating system.

In order to ensure their financial strength, banks have periodic examinations by a Office of the Comptroller of the Currency. Bank examiners issue CAMELS, a numerical rating to the bank as a result of the examination, examiners score each bank in the six factors listed above. Banks score between 1 and 5 in each category (1 being the highest).

Hope this helps, HAVE A BLESSED AND WONDERFUL DAY! As well as a great Valentines Day! :-)  

- Cutiepatutie ☺❀❤

5 0
3 years ago
What do you need to file your taxes?
Burka [1]

Answer:

w-2, Form 1040, and possibly Schedule (1... etc. )

Explanation:

3 0
3 years ago
What happened to the American and Filipino troops that surrounded on the Philippines
cestrela7 [59]
On this day in 1942, U.S. Lieutenant General Jonathan Wainwright surrender all U.S. troops in the Philippines to the Japanese
4 0
3 years ago
Other questions:
  • A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variabl
    14·1 answer
  • What is the main purpose of an appointment reminder? In a medical office.
    6·2 answers
  • An industrial tool manufacturer relies on a particular distributor network. This distributor network has the largest online outl
    15·1 answer
  • You wish to retire in 15 years, at which time you want to have accumulated enough money to receive an annual annuity of $31,000
    6·1 answer
  • What is the opportunity cost of saving money to purchase a car?
    13·2 answers
  • Middle managers spend most of their time a. on the telephone. b. managing inventory. c. in meetings. d. implementing plans of to
    12·1 answer
  • Answer please... I need it fast.. please​
    13·1 answer
  • A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you t
    15·1 answer
  • How to empower employees ?
    6·1 answer
  • When effective communication affected your success at work
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!