A total asset turnover ratio of 3.5 indicates that
A: For every $1 in sales, the firm acquired $3.50 in assets during the period.
B: For every $1 in assets, the firm produced $3.50 in net sales during the period.
C: For every $1 in assets, the firm earned gross profit of $3.50 during the period.
D: For every $1 in assets, the firm earned $3.50 in net income.
E: For every $1 in assets, the firm paid $3.50 in expenses during the period.
A: For every $1 in sales, the firm acquired $3.50 in assets during the period.
B: For every $1 in assets, the firm produced $3.50 in net sales during the period.
C: For every $1 in assets, the firm earned gross profit of $3.50 during the period.
D: For every $1 in assets, the firm earned $3.50 in net income.
E: For every $1 in assets, the firm paid $3.50 in expenses during the period.
举一反三
- If a firm had sales of 60,000 during a period and sales returns and allowances of 3,000, its net sales were: A: 63,000 B: 60,000 C: 57,000 D: 3,000
- Depreciation expense for a period isthe portion of a plant assets cost that is allocated to that period.
- A balance sheet reports:（ ）. A: the assets, liabilities, and owner’s equity on a particular date. B: the difference between revenues and expenses during the period. C: the change in the owner’s equity during the period. D: the cash receipts and cash payments during the period.
- Operating ROA is calculated<br/>as __________ while ROE is calculated as ____ A: EBIT/Total Assets; Net Profit/Total Assets B: Net Profit/Total Assets; EBIT/Total Assets C: EBIT/Total Assets; Net Profit/Equity D: Net Profit/EBIT; Sales/Total Assets
- A firm has sales of $3,200, net income of $390, total assets of $4,500, and total equity of $2,750. Interest expense is $50. What is the common-size statement value of the interest expense?