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
Natalija [7]
3 years ago
11

Use the following selected balance sheet and income statement information for Caroline Supply Co. (in millions) to compute asset

turnover (AT) to the nearest hundredth of a percent.
Operating profit before tax Earnings without interest expense (EWI) Average total assets Sales Tax rate on operating profit
$58,300 $93,400 $360,600 $1,135,420 35%
Business
1 answer:
lidiya [134]3 years ago
7 0

Answer:

3.15 times

Explanation:

Asset turnover = Sales revenue / Average total assets

Asset turnover = $1,135,420 / $360,600

Asset turnover = 3.15 times

You might be interested in
I'll just give you the points lol
AlexFokin [52]

Answer:

i hope this is what you are looking for

Social Security number.

Income.

Date of birth.

Security questions.

Contact information.

A promise to tell the truth.

Agreement to terms and conditions.

Authorized users.

7 0
2 years ago
Economic growth refers to a steady increase in the production of goods and services in an economic system.
MatroZZZ [7]

Answer:

<em>Economic growth refers to a steady increase in the production of goods and services in an economic system.</em><em> </em><em><u>True</u></em>

3 0
2 years ago
An example of global dependency is when products are produced and used in the same country? True or false
alexandr402 [8]

Hello there,

An example of global dependency is when products are produced and used in the same country?

Answer: False

8 0
3 years ago
Which of the following is the best advice for written communication that is highly important?
Elodia [21]

Answer:

"D" is the correct answer!

Explanation:

Written communication is the use of a printed message, such as letters, training manuals, memos, proposals and emails. Emails. memos etc are all technology channels or apps.

4 0
2 years ago
Gentry Inc. purchased 90% of Gaspard Farms on January 5, 2019. During 2019, Gentry sold Gaspard Farms for $650,000 goods which h
Wewaii [24]

Answer:

$5572500

Explanation:

consolidated cost of goods sold for 2020 would be:

consolidated cost of goods sold = ( total of goods sold by bought company ) - ( intra-entity transfer ) + ( ending unrealized gross profit ) - ( beginning unrealized gross profit )

= ( 5400000 + 1200000 ) - ( 1000000 )+(1000000*20%)*20% - {(650000*15%)*(450000/650000)}

= 6600000 - 1040000 - ( 97500 * 45/65 )

= $5572500

3 0
3 years ago
Other questions:
  • A country is attempting to measure its growth rate in technology. This is: possible to estimate using the growth accounting equa
    5·1 answer
  • If the consumption of a good by one individual does not change the amount of the good available to others, the good is considere
    11·1 answer
  • Chang Co. issued a $54,300, 120-day, discounted note to Guarantee Bank. The discount rate is 9%. Assuming a 360-day year, the ca
    9·1 answer
  • The most serious problem with aggression is that
    13·1 answer
  • The Open Grill incurred the following costs in acquiring a new piece of land:Cost of the land $ 80,000. Commissions 4,800.Liabil
    11·2 answers
  • Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note
    10·1 answer
  • Before negotiating a long-term construction contract, build- ing contractors must carefully estimate the total cost of completin
    15·1 answer
  • Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.5 pound
    11·1 answer
  • After Joe and Stephanie placed an offer on a house, the realtor came back to tell them they had Consensus ad idem. What does thi
    7·1 answer
  • With an order instrument, the payee must be identified with certainty, because the transfer of the instrument requires his or he
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!