Homework Help Question & Answers

During 2022, Ayya Comp. reported net sales of $2000000, net income of 5800000, and depreciation expense...


During 2022, Ayya Comp. reported net sales of $2000000, net income of 5800000, and depreciation expense of $100000. Ayay repo
During 2022, Ayya Comp. reported net sales of $2000000, net income of 5800000, and depreciation expense of $100000. Ayay reported beginning total assets of $1000000, ending total assets of $1300000 plant assets of $500000, and accumulated depreciation of $500000. Ayaya a t turnover is (Round answer to 2 decimal places, .g. 15.20.) 1.54 times 0.80 times 1.74 times 2.00 times
0 0
Add a comment
Answer #1

Sign Up to Unlock the answer FREE

Already have an account? Log in

Correct answer--------------1.74 times

Working

Asset Turnover
A Sales $        2,000,000.00
B Beginning Balance of Total Assets $        1,000,000.00
C Ending Balance of Total Assets (see working #1) $        1,300,000.00
D = (B+C)/2 Average Total Assets $        1,150,000.00
E= A/D Asset Turnover 1.74
Add a comment
Know the answer?
Add Answer to:
During 2022, Ayya Comp. reported net sales of $2000000, net income of 5800000, and depreciation expense...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coin

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT