Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1) a retailer has net sales of $500,000, total ass

1) A retailer has net sales of $500,000, total assets of $1,000,000, and a net...

80.2K

Verified Solution

Question

Accounting

1) A retailer has net sales of $500,000, total assets of $1,000,000, and a net profit of $60,000. What is its asset turnover? Describe what asset turnover means using your answer as an example.

2) A retailer has these financial results: current assets, $500,000; fixed assets, $1,000,000; current liabilities, $520,000; fixed liabilities, $920,000; net sales, $8,000,000; and net profit, $120,000.

    • Calculate the following:
      • net profit margin
      • return on assets
      • financial leverage
      • return on net worth

3) Comment on the financial health of this retailer.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Find the local maximum and minimum values and saddle point(s) of the function. If you have...

Finance
1.2K views

4. Consider two countries: Japan and France. Suppose you saw the following information in the newspaper:...

Psychology
1.2K views

How does the stress resistant personality differ from the stress producing personality?

Basic Math
1.2K views

must select and answer in any order two of eight essay questions of test T...

Algebra
1.2K views

A broker is clearly entitled to conduct performance reviews with employed sales agents May a...

Accounting
1.2K views

help filling in table At the end of...

Accounting
1.2K views

Slanted Building Supplies purchased 32 percent of the voting shares of Flat Flooring Company in...

Accounting
1.2K views

Consider B & B Company's financial data as follows : ( unit : millions of...

Accounting
1.2K views

The balance sheet for Umi Sustainable. Seafood inc. reported the following components of equity on...

Accounting
1.2K views

problem 7 A large contract is to be completed in five stages. The completion stage...

Accounting
1.2K views

preparing a schedule of cost of goods manufactured and an income statement for a manufacturing...

Finance
1.2K views

Q13) Suppose you signed a contract for a special assignment over the next 9.0 years....