Cullumber Mart and Ivanhoe Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant assets using the straight-line method. An investigation of their financial statements reveals the following information: Net income? Sales revenue Total assets (average) Plant assets (average) A. Return on assets. Cullumber Mart B. Asset turnover $166,656 1,139,200 5,555,200 2,112,000 For each company, calculate: (Round answers to 2 decimal places, e.g. 52.75) Cullumber Mart Ivanhoe Shop $169,360 1,408,000 7,027,200 2,432,000 Ivanhoe Shop
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- Carla Vista Mart and Sandhill Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant assets using the straight-line method. An investigation of their financial statements reveals the following information: Net income Sales revenue Total assets (average) Plant assets (average) A. Return on assets Carla Vista Mart B. Asset turnover $124,992 854,400 4,166,400 1,584,000 Sandhill Shop Carla Vista Mart $126,490 For each company, calculate: (Round answers to 2 decimal places, e.g. 52.75.) 1,056,000 5,270,400 1,824,000 % Sandhill Shop %Crane Mart and Cullumber Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant assets using the straight-line method. An investigation of their financial statements reveals the following information: CraneMart CullumberShop Net income $ 164,052 $ 166,020 Sales revenue 1,121,400 1,386,000 Total assets (average) 5,468,400 6,917,400 Plant assets (average) 2,079,000 2,394,000 For each company, calculate: (Round answers to 2 decimal places, e.g. 52.75.) CraneMart CullumberShop A. Return on assets B. Asset turnoverThe financial statements of Columbia Sportswear Company are presented in Appendix B. Click here to view Appendix B. The financial statements of Under Armour, Inc. are presented in Appendix C. Click here to view Appendix C. The complete annual report, including the notes to the financial statements, is available at the company's website. (b) What conclusions concerning the management of plant assets can be drawn from these data? 1. 2. 3. Return on assets Profit margin Asset turnover Columbia Sportswear Company 12.0% 9.8% 1.22 times Under Armour, Inc. -1.1% -0.9% 1.26 times
- Blue Corporation and Swifty Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) (a) Blue Corp. $245,420 1,753,000 3,506,000 2,880,000 432,100 Swifty Corp. $ 330,600 2,066,250 2,755,000 1,826,000 0 (1) Show Transcribed Text (2) Blue Corporation and Swifty Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) (a) (3) Return on assets Profit margin Asset…The following are financial data taken from the annual report of Foundotos Company: Year 2 $134,448 51,981 37,154 57,504 Net sales Gross property, plant and equipment Accumulated depreciation Intangible assets (net) A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Foundotos? Year 1 $130,060 47,744 34,180 36,276Hangover Pills, Inc. has current assets of $70,000 and net fixed assets of $400,000. Thefirm's sales are $800,000. All assets are classified as being either "current assets" or"fixed assets." What is Hangover's total asset turnover?
- Aneko Company reports the following: net sales of $17,500 for Year 2 and $16,625 for Year 1; end-of-year total assets of $18,000 for Year 2 and $16,500 for Year 1. 1. Compute its total asset turnover for Year 2. 2. Aneko's competitor has a turnover of 2.0. Is Aneko performing better or worse than its competitor based on total asset turnover? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its total asset turnover for Year 2. Choose Numerator: 1 1 1 Total asset turnover Choose Denominator: = = = Total asset turnover Total asset turnover timesBrad's BBQ reported sales of $750,000 and net income of $29,500. Brad's also reported ending total assets of $497,000 and beginning total assets of $390,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator Choose Denominator Return on Assets %3D Return on assets Profit Margin Choose Numerator Choose Denominator Profit Margin Profit margin %3D Asset Turnover Choose Numerator Choose Denominator Asset Turnover Asset turnover times II II II II IIAneko Company reports the following: net sales of $18,000 for Year 2 and $17,100 for Year 1; end-of-year total assets of $18,200 for Year 2 and $16,800 for Year 1. Compute its total asset turnover for Year 2. Aneko’s competitor has a turnover of 2.0. Is Aneko performing better or worse than its competitor based on total asset turnover?
- Indigo Corporation and Blue Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. For each company, calculate these values: 1) Return on assets 2) Profit margin 3) Asset turnoverSheffield Corporation and Flounder Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Sheffield Flounder Corp. Corp. Net income $ 222,420 $ 235,320 Sales revenue 1,112,100 1,176,600 Total assets (average) 3,370,000 2,612,052 Plant assets (average) 242,000 1,844,000 Intangible assets (goodwill) 460,100 (a) For each company, calculate these values: (Round answers to 3 decimal places, e.g. 6.250% or 17.540.) Sheffield Corp. Flounder Corp. (1) Return on assets (2) Profit margin % (3) Asset turnover times timesFlounder Corporation and Concord Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) (1) (2) (3) (a) For each company, calculate these values: (Round return on assets and profit margin to 1 decimal place, e.g. 6.2% and asset turnover to 2 decimal places, e.g. 17.54.) Return on assets Profit margin Asset turnover eTextbook and Media Flounder Corp. $271,250 1,937,500 3,875,000 Save for Later 2,460,000 391,100 Concord Corp. $329,130 2,194,200 3,657,000 1,879,000 Flounder Corp. % % 0 times Concord Corp. % se % times Attempts: 0 of 6 used Submit Answer