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
Nico is buying a home for $625,000. His earnest money deposit is 8%. He wants to avoid private mortgage insurance (PMI) on his c
qaws [65]

Answer: $106,250

Explanation: Conventional loans often require 20% down to avoid PMI ($125,000), and Nico has paid a $50,000 deposit ($625,000 x .08). Closing costs are $31,250 ($625,000 x .05).

He needs $106,250 to close ([$125,000 - $50,000] + $31,250).

4 0
3 years ago
Which certificate is the lowest level certification that a personal finance manager requires to sell mutual funds, trusts, and v
Law Incorporation [45]

Which certificate is the lowest level certification that a personal finance manager requires to sell mutual funds, trusts, and variable annuities?

The answer is option B - series 6 certificate.

The series 6 certificate helps an individual to purchase or sell mutual funds, variable life insurance, municipal fund securities, variable annuities and unit investment trusts.

3 0
4 years ago
Read 2 more answers
True/False
AlladinOne [14]

Answer:

True

Explanation:

An intrapreneur is a worker in charge of developing an innovative idea or project within a company. The intrapreneur may not face major risks or may not receive an entrepreneur's major rewards. However, an intrapreneur can access the resources and capabilities of an established company. An intrapreneur works within a company to develop an innovative project or project that will increase the future of the company. The intrapreneur is usually given autonomy to work on a project that can have a significant impact on the company. Over time, an intrapreneur can become an entrepreneur.

8 0
3 years ago
Which term describes the ability to use different types of reasoning for different situations and analyze the possible outcomes
lesya692 [45]

The answer is <u>"a. critical thinking".</u>


Critical thinking is a standout among the most looked for after aptitudes in pretty much every industry and each work environment. It alludes to the capacity to break down data dispassionately and make a contemplated judgment.  

You can show your critical thinking capacities by utilizing watchwords identified with basic reasoning in your resume and introductory letter, and during your interview.

7 0
3 years ago
Read 2 more answers
What would be the maximum cost of a CFL such that the total cost (investment plus operating) would be the same for both CFL and
jonny [76]

Answer:

don't know bro sorry for that

3 0
3 years ago
Other questions:
  • A marketing company wants to estimate the proportion of consumers in a certain region of the country who would react favorably t
    13·1 answer
  • Millcorp sells wetsuits for deep sea divers. It recently engineered a new material for its wetsuits to better hold in the wearer
    5·2 answers
  • An increase in the money supply shifts the ______ curve to the right, and the aggregate demand curve
    10·1 answer
  • Suppose that Greece and Switzerland both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 4 barr
    11·1 answer
  • Explain the difference between capital and capital goods
    6·1 answer
  • Use the following information to calculate cash received from dividends: Dividends revenue $ 32,300 Dividends receivable, Januar
    8·1 answer
  • Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts at banks. Initially, the interest income earned
    10·1 answer
  • Assume that the weekly payroll of in the woods is . December​ 31, end of the​ year, falls on​ Tuesday, and will pay its employee
    6·1 answer
  • Technology does not necessarily result in better decisions, because the information produced may not support the information req
    12·1 answer
  • project x has an initial cost of $20,000 and a cash inflow of $25,000 in year 3. project y costs $40,700 and has cash flows of $
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!